Diversity May Help Raytheon Avoid Cuts
July 8, 2012
Looming defense budget cuts - including the possibly of deep, automatic cuts come January - have raised the prospect of massive layoffs by defense contractors, including Tucson-based Raytheon Missile Systems.
But the diversity of Raytheon's military electronics and missile business makes the company less vulnerable to the budget ax than other defense companies, analysts say.
Raytheon Missile Systems makes most of the nation's guided missiles and munitions including the Tomahawk cruise missile, Standard Missile interceptors and Sidewinder and AMRAAM air-to-air missiles.