Recently, Raytheon CEO Greg Hayes reported to his shareholders, “[W]e are seeing, I would say, opportunities for international sales. We just have to look to last week where we saw the drone attack in the UAE, which have attacked some of their other facilities. And of course, the tensions in Eastern Europe, the tensions in the South China Sea, all of those things are putting pressure on some of the defense spending over there. So I fully expect we’re going to see some benefit from it.” While lauded in the press for his comments, Hayes’ thinking embodies structures established by government and private industry for over a hundred years.
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