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Raytheon Expects Flat Budgets in 2020 But Plenty of DoD Spending From Existing Multiyear Contracts

Raytheon Expects Flat Budgets in 2020 But Plenty of DoD Spending From Existing Multiyear Contracts

The Arleigh-Burke class guided-missile destroyer USS John Paul Jones (DDG 53) launches a Standard Missile 6 (SM-6) during a live-fire test of the ship’s Aegis Weapons System in June 2014. US Navy photo.

Multi-year contracts are setting up Raytheon and other defense contractors to report solid financial results during the next few years even if Pentagon spending plateaus or slightly decreases, Raytheon’s chief executive told analysts today.

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