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

Raytheon's Thomas Kennedy: Trump Administration Opens Growth Opportunities for Defense Industry - top government contractors - best government contracting event
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Raytheon's Thomas Kennedy: Trump Administration Opens Growth Opportunities for Defense Industry - top government contractors - best government contracting event
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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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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