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Making a Defense Stock: Raytheon's Evolution from Microwaves to Missiles

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Raytheon (RTN) - Get Raytheon Company Report  beat earning's estimates on Thursday, Jan.31, 2019. London Bureau Chief Martin Baccardax breaks it down here: Raytheon Beats Q4 Earnings Estimate; Weaker Guidance Hits Defense Group Shares.

CEO Tom Kennedy says "Raytheon had a very successful year in 2018. We accelerated our sales growth yet again and achieved a new company record for operating cash flow," said Kennedy. "We ended the year with record bookings and backlog which positions us well for 2019 and beyond."

Raytheon is a holding in Jim Cramer's Action Alerts PLUS member club. Read what Jim Cramer and the AAP Team have to say about the mixed results by signing up here.

Today, the global technology company specializes in defense, civil government and cybersecurity solutions. But, that wasn't always the story. Watch the video above for a look Behind the Label, TheStreet's new video series. 

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