The Arizona Daily Star:
Tucson-based Raytheon Missile Systems stands to reap the benefits of another big boost in U.S. defense spending in fiscal year 2019, as demand for its missile-defense interceptors and other weapons grows.
The Pentagon in its recently released budget request for fiscal 2019 shows healthy increases in orders for some of Raytheon’s biggest programs.
And that’s on top of increases in 2017 and 2018 that helped propel the parent company Raytheon Co. and the local missile unit to record sales last year.
“These are very big increases, and though the pace of the funding is hard to predict, the bottom line here is that Raytheon is going to be a big beneficiary,” said Loren Thompson, chief operating officer of The Lexington Institute, a nonprofit think tank based in Arlington, Virginia.
