
A year ago, Raytheon [RTN] was facing the end of the Tomahawk cruise missile production line in 2016. The Navy’s fiscal year 2016 budget request stretched out production one more year, but the service still projected no further procurement from 2017 to 2020.However, Raytheon is working with the Navy to ensure that at least some level of production continues until 2019, when the company begins recertifying its Block IV Tomahawks, Chris Sprinkle, the company’s senior program manager and business development,…