Raytheon’s Thomas Kennedy: Trump Administration Opens Growth Opportunities for Defense Industry

Thomas Kennedy

Raytheon CEO Thomas Kennedy has said the White House’s measures to support the defense sector help U.S. contractors pursue growth opportunities in the international market, the Boston Business Journal reported Wednesday.

“Having an administration that supports industry and going after international business changes the game,” Kennedy said during Raytheon’s second-quarter earnings call.

“And we have an administration now that is significantly supporting international work for domestic, actually U.S. industry… bottom line, it’s just accelerating our ability to grow internationally.”

Shares in Raytheon, which has a market capitalization worth more than $50 billion, rose 22 percent to $173.20 as of Wednesday.

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