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The Boston Globe

Business

Raytheon board elects new CEO

Raytheon Co., the Waltham-based defense contractor, said Wednesday that its board of directors has elected Dr. Thomas A. Kennedy, age 58, to serve as the chief executive, effective March 31.

Kennedy will succeed William H. Swanson, who has served as CEO since 2003, Raytheon said in a press release. Swanson told the board of his intention to step down from his position as CEO in March, following his 65th birthday next month.

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