Today, Raytheon’s biggest cash flow comes from the U.S. Government, NASA and the Department of Defense; Army, Navy, and Air Force. Since the Global Financial Crisis hit the world economy, the tax revenue has fallen substantially. Subsequently, the U.S. Department of Defense is forced to reform all ongoing military operations—business as usual is no longer the choice for any defense contractors. As a result, this has a significant financial impact on the bottom line of US defense contractors.
Table 1 shows the historical defense spending for each year since1948, and as the table also shows, the defense spending has been declining since the year 2010
Table 1 shows the historical defense spending for each year since1948, and as the table also shows, the defense spending has been declining since the year 2010