Raytheon explores sale of subsidiary

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Raytheon explores sale of subsidiary (requires subscription)

Raytheon, the US missile manufacturer, yesterday said it was exploring a sale or a spin-off of its corporate aircraft...

By James Boxell in London · Financial Times, Jul 28, 2006

Raytheon explores sale of subsidiary

By James Boxell in London

Published: July 28 2006 03:00 | Last updated: July 28 2006 03:00

Raytheon, the US missile manufacturer, yesterday said it was exploring a sale or a spin-off of its corporate aircraft subsidiary as it looked to concentrate on its core defence business.

Credit Suisse, the investment bank, had been hired to explore a "potential sale of the business, an initial public offering or spin-off to shareholders or some combination thereof", the company said.

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