Raytheon to Split Defense Unit Into 7
Bloomberg News
Raytheon Co., maker of the Tomahawk missile in use in Afghanistan, will split defense and air-traffic work into seven businesses to become more nimble and responsive to customers and investors.
The businesses include missiles; radar and other defense-electronic systems; computer services; and air-traffic control equipment.
Shares of Raytheon rose $1.08 to $35 on the NYSE.
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