Obama’s second term will almost certainly mean deep cuts in military spending, potentially causing job losses within the state’s multibillion dollar defense sector that includes giants such as Waltham’s Raytheon Co., one of the state’s biggest employers. “This election outcome removes uncertainty for the defense industry, but also removes the possibility of a boost in sales anytime soon,” said Loren Thompson, an analyst at the Lexington Institute in Washington, D.C. “Obama’s priorities for the years ahead spell trouble for the Massachusetts defense industry.”
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