LEXINGTON, Mass., May 3 /PRNewswire/ -- Raytheon Company
(NYSE: RTNA, RTNB) today disclosed that it will provide to the Securities and
Exchange Commission (SEC) information about its former engineering and
construction business. The company received yesterday afternoon a subpoena
from the SEC to provide the information. The inquiry does not suggest that
Raytheon has violated any law or regulation.
The company sold its engineering and construction business to Washington
Group International (WGI) in July 2000.
"We will respond to the SEC's questions and supply whatever information is
requested," said Raytheon Chairman and Chief Executive Officer Daniel P.
Burnham. "We have made extensive disclosures regarding Raytheon Engineers &
Constructors and its disposition to WGI and believe that our policies and
practices are in compliance with all regulations and laws."
With headquarters in Lexington, Mass., Raytheon Company is a global
technology leader in defense, government and commercial electronics, and
business and special mission aircraft.
Forward-looking statements
Certain statements made in this release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995
regarding the company's future plans, objectives, and expected performance.
Specifically, statements that are not historical facts, including statements
accompanied by words such as "believe," "expect," "estimate," "intend," or
"plan" are intended to identify forward-looking statements and convey the
uncertainty of future events or outcomes. The company cautions readers that
any such forward-looking statements are based on assumptions that the company
believes are reasonable, but are subject to a wide range of risks, and actual
results may differ materially. Important factors that could cause actual
results to differ include, but are not limited to: the nature and scope of
the SEC investigation and the ultimate resolution of contingencies and legal
matters.
Contact: David Polk
781-860-2386
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
CONTACT:
David Polk of Raytheon Company, 781-860-2386
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