LEXINGTON, Mass., Oct. 22 /PRNewswire/ -- Raytheon Company (NYSE: RTN)
today announced that it intends to offer 29,000,000 shares of common stock.
The common stock will be issued by Raytheon under a shelf registration
statement that was previously declared effective by the Securities and
Exchange Commission.
Net proceeds to Raytheon from the sale are expected to be approximately
$1.0 billion, which will be used to reduce debt and for general corporate
purposes.
Morgan Stanley and Credit Suisse First Boston will act as joint book
running managers of the offering. Salomon Smith Barney will act as joint lead
manager.
With headquarters in Lexington, Mass., Raytheon Company is a global
technology leader in defense, government and commercial electronics, and
business and special mission aircraft.
This press release does not constitute an offer to sell or a solicitation
of an offer to buy the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities law of any such jurisdiction. The offering may be made
only by means of a prospectus and related prospectus supplement, copies of
which may be obtained from Morgan Stanley, 1585 Broadway, New York, NY 10036
or from Credit Suisse First Boston, 11 Madison Avenue, New York, NY 10010.
Forward-looking statements
Certain statements made in this release constitute 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: risks associated with implementing the offering.
Contact:
David Polk
781.860.2386
SOURCE Raytheon Company
 back to top
Related links:
http://www.raytheon.com
CONTACT:
David Polk of Raytheon Company,
+1-781-860-2386
|
