Raytheon Plans Hypersonic Defense Portfolio Expansion; Thomas Kennedy Quoted

Raytheon CEO Thomas Kennedy said during a recent conference call with financial analysts the company is looking into expanding its hypersonic defense offerings, USNI News reported Friday.

Kennedy noted that the company would have to produce sensors used to track hypersonic platforms and develop a vehicle that can thwart incoming weapons as part of its hypersonic defense goals.

“We think the hypersonic defense market is larger than the hypersonic market,” he said.

The company plans to operate its hypersonic development efforts under its missile systems business, the largest of its divisions with reported $8.3B sales in 2018.

Raytheon expects the segment to garner an $8.9B to $9.1B revenue for 2019.

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