War profiteers on our doorstep

Take a look at this:

WASHINGTON – The Navy is cutting funding for a long-range weapon designed by Waltham-based Raytheon that has repeatedly failed to perform in field tests despite $600 million worth of research over the past decade.

Raytheon is headquartered right in Waltham?

Raytheon, the fifth largest defense contractor in the world?

Hopefully we haven’t heard the last of this…