HEADLINE NEWS
Raytheon Streamlines Through Restructuring
NEW YORK Raytheon, manifesting some of the same financial and organizational problems dragging down Lockheed Martin, is counting on restructuring moves to bolster the company’s performance. The actions come on the heels of a money-losing third quarter marked by write-downs, restructuring provisions, contract adjustments and downward revisions in near-term growth and profit expectations.
By ANTHONY L. VELOCCI5 min