Reported higher earnings per share (EPS) for the sixth consecutive year. Excluding special items, EPS from continuing operations increased 8 percent to $2.97. Announced plans to divest Performance Materials and to focus on Aerospace and Engineered Industrial Products. After-tax cash proceeds of $1 billion anticipated. Completed seven acquisitions, including Raytheon’s Optical Systems business. Launched numerous new products and announced new aerospace contracts worth almost $2 billion in future revenues. Began implementing strategic plans to build upon sealing and compressor systems in Engineered Industrial Products.