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Business/Financial

Raytheon Disappointed With Potential Congressional Cut In Funds For KEI Missile Defense

DDN

Thursday, September 11th, 2008

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In Talks With Navy, Raytheon Suggests Making New Zumwalt Destroyers Missile Defense Ships Raytheon Co. [RTN] is disappointed that lawmakers in Congress may cut funding needed to develop the Kinetic Energy Interceptor (KEI) because it is in development, since those cuts would delay the program just when terrorist and rogue state missile threats are increasing, the newly installed leader of Raytheon missile programs, said in an interview today with Space & Missile Defense Report. Taylor W. Lawrence, president of Raytheon…

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