Defense contractor Raytheon has placed its financial chief on leave and offered to pay $12 million to settle a government investigation into the company's accounting practices. In addition, Raytheon agreed Friday to pay $39 million to settle a shareholder suit related to the July 2000 sale of its engineering and construction business to Washington Group International.
April 15, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Defense contractor Raytheon Co. has placed its financial chief on leave as it offered to settle a government inquiry into the accounting practices at one of its units.
Separately, the Waltham, Mass.-based company said Friday it has agreed to pay $39 million to settle a shareholder lawsuit related to the July 2000 sale of its engineering and construction business to Washington Group International.
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