Raytheon elects new Chairman of the Board

Raytheon's (RTN +0.1%) Board of Directors has elected Thomas A. Kennedy as Chairman of the Board effective October 1.

The vote follows the notice given by William H. Swanson, Raytheon's current Chairman of the Board, of his retirement from the company effective September 30. Swanson served as the company's Chairman of the Board since January 2004.

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