Raytheon Co posted lower quarterly earnings and forecast higher sales and per-share profit for this year.

The missile maker on Thursday said net income came to $459 million, or $1.25 a share, for the fourth quarter, compared with $504 million, or $1.30 a share, a year earlier.

Sales rose 3 percent to $6.89 billion.

(Reporting by Karen Jacobs; editing by John Wallace)