WASHINGTON (Reuters) - Mandatory U.S. budget cuts that took effect on March 1 will likely trim Raytheon Co's
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.
(Reporting by Andrea Shalal-Esa; Editing by Gerald E. McCormick)