MUNICH, 3 Feb. 2014. "We need to pursue initiatives that deliver greater cost efficiencies in a way that maintains and improves our defense capabilities," Raytheon International Inc. CEO John D. Harris II urged at the 50th Munich Security Conference in Munich.
Harris, sitting on an event panel alongside the CEO of Airbus Group and both current and former European ministers of defense, urged attendees to consider new opportunities for greater transatlantic industrial cooperation.
"The prospect of more open, competitive markets resulting from a United States–European Union (U.S.–EU) free trade agreement represents opportunities, not threats, for European and North American defense companies. Jointly, we can set standards and serve as an engine to boost defense cooperation, globally."
The Munich Security Conference brought together roughly 80 delegations from Europe and around the world.
Raytheon employs more than 3,000 people, and maintains approximately 500 suppliers across Europe, including partners in the U.K., Germany, Spain, and France.