WASHINGTON, April 25 Mandatory U.S. budget cuts
that took effect on March 1 will likely trim Raytheon Co's
U.S. bookings by $400 million to $600 million this year,
as expected, but no new surprises have emerged, the company's
chief financial officer said on Thursday.
David Wajsgras, senior vice president and CFO, told Reuters
in an interview that Raytheon's first-quarter results exceeded
the company's expectations and its businesses remained
well-aligned with the U.S. government's priorities in missile
defense, electronic warfare and cyber operations.
Wajsgras said Raytheon continues to see strong international
demand for its products, and international bookings are expected
to rise 20 percent in 2013 to account for 36 percent of total
bookings. As a result, international sales would comprise about
27 to 29 percent of the company's revenues in 2013, he said.