The American-led airstrike campaign against the Islamic State group and the global demand for missile defenses have Raytheon positioned for solid growth in 2016, the firm’s top executive said.

Raytheon is projecting a revenue increase of 3 to 5 percent, or as much as a $1.1 billion, from its $23.3 billion in sales last year, Thomas Kennedy, the company’s chairman and chief executive, said in an interview Monday at the Farnborough Air Show.

“A large part of that is the missile growth [but] it’s across all of our businesses,” Kennedy said. “All of our businesses are growing.” […]