Raytheon Co. announced that its Board of Directors has elected Dr. Thomas A. Kennedy, age 58, to serve as the Chief Executive Officer of Raytheon company, effective March 31, 2014. Dr. Kennedy will succeed William H. Swanson, who has served as the Chief Executive Officer of Raytheon Company since 2003, and who advised the Board of his intention to step down from his position as Chief Executive Officer in March, following his 65(th) birthday in February.

The Raytheon Board of Directors also elected Dr. Kennedy to serve on the Raytheon Company Board of Directors, effective January 15, 2014. Dr. Kennedy has served as executive vice president and chief operating officer of Raytheon since April 2013.