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Thursday, April 24, 2014

Raytheon sees acquisitions as key part of its long-term strategy, (NYSE: RTN)

Raytheon Co Chief Executive Thomas Kennedy on Thursday said the company continued to view acquisitions as a key part of its long-term strategy to achieve growth. Kennedy gave no details, but told analysts on an earnings call that Raytheon had improved its position in the cybersecurity market with a number of acquisitions, and hoped to further expand its reach in coming years.

Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide. Shares of RTN remained unchanged at $100.23. In the past year, the shares have traded as low as $58.10 and as high as $102.33. On average, 2105960 shares of RTN exchange hands on a given day and today's volume is recorded at 90.



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