Loren B. Thompson
June 15, 2017
Defense contractor Raytheon is flying high. Its stock is trading near an all-time high, up over 80% since Dr. Thomas A. Kennedy became Chairman & CEO in 2014. E.P.S. rose 21% year-over-year in the first quarter, and Wall Street is noticing. Argus Research says the company’s business mix and growth outlook merit a premium valuation. Morningstar says Raytheon is poised “for some of the fastest growth in the defense industry,” and despite the recent run-up in share price is “the least expensive pure-play defense name.” Here
Loren B. Thompson is Senior Adviser of GPI , Chief Operating Officer of the non-profit Lexington Institute and Chief Executive Officer of Source Associates, a for-profit consultancy. Prior to holding his present positions, he was Deputy Director of the Security Studies Program at Georgetown University and taught graduate-level courses in strategy, technology and media affairs at Georgetown. He has also taught at Harvard University’s Kennedy School of Government. Mr. Thompson holds doctoral and masters degrees in government from Georgetown University and a bachelor of science degree in political science from Northeastern University.
The views and opinions expressed in this issue brief are those of the authors and do not necessarily reflect the official policy of GPI.