Raytheon Network Centric Systems won a $14,949,523 federal contract from the U.S. Naval Air Systems Command, Patuxent River, Md., for advanced targeting forward looking infrared pod adapter units.

Raytheon Network Centric Systems announced earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's net sales of $1,133 million compared to $1,137 million in the fourth quarter 2011. The company recorded $125 million of operating income compared to $175 million in the fourth quarter 2011. The change in operating income was primarily due to a change in contract mix and costs associated with ending a supplier agreement in the fourth quarter 2012. For the year, the company's net sales of $4,058 million compared to $4,497 million in 2011. The change in net sales, as expected, was primarily due to lower sales on U.S. Army production programs. The company recorded $495 million of operating income in 2012 compared to $667 million in 2011. The change in operating income in 2012 was primarily due to a change in contract mix and lower volume.

Raytheon Network Centric Systems reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, net sales were $963 million against $1,104 million a year ago. The change in net sales, as expected, was primarily due to lower sales on U.S. Army production programs. Operating income was $131 million against $162 million a year ago. The change in operating income was primarily due to a change in contract mix and lower volume in the third quarter 2012. For the nine months, net sales were $2,925 million against $3,360 million a year ago. Operating income was $370 million against $492 million a year ago.