Business
General Motors Corp., ending a dozen-year run as one of the nation’s biggest defense contractors, said Thursday that it completed the $9.8-billion spinoff and sale of its Hughes Electronics defense unit to Raytheon Co.
Dec. 19, 1997
As the U.S. military looks to buy more cutting-edge technology, bulked-up research and development capabilities could give defense companies a better chance at landing lucrative Pentagon contracts.
June 10, 2019
United Technologies Corp. agreed to buy Raytheon Co. in an all-stock deal, forming an aerospace and defense giant with $74 billion in sales in one of the industry’s biggest transactions ever.
June 9, 2019
Raytheon Co. Chairman and Chief Executive Daniel P.
April 24, 2003
Raytheon says CEO will step down in March and names replacement
Jan. 15, 2014
Defense contractor Raytheon Co. announced Chief Executive William H.
Defense: Company blames aircraft production delays, higher costs, and says profit will be well below estimates. Shares slide 25% on the news in the second-biggest decline in at least 20 years.
Jan. 19, 2000
No aerospace and defense company has bet bigger on the benefits of scale than United Technologies Corp.
June 11, 2019
Industry: Delays in customer purchases, strain of acquisitions are among factors cited. Other defense firms’ shares suffer too.
Oct. 13, 1999
Raytheon Co. said Monday that it has agreed to buy E-Systems Inc. for $2.3 billion in cash, creating a $12-billion company and hastening consolidation in the defense industry.
April 4, 1995