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Raytheon News Release Archive
WALTHAM, Mass., March 26, 2007 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has completed the sale of its wholly owned subsidiary Raytheon Aircraft Company (RAC) to Hawker Beechcraft Inc., a new company formed by GS Capital Partners, an affiliate of Goldman Sachs, and Onex Partners for approximately $3.3 billion in cash. The sale was first announced on December 21, 2006. The transaction includes Raytheon Aircraft facilities and other assets in Wichita and Salina, Kansas; Little Rock, Arkansas; Dallas, Texas; as well as its Fixed Based Operations (FBO) network across the United States, the United Kingdom and Mexico. "Completing the sale of Raytheon Aircraft Company gives us further opportunity to invest in and grow our government and defense business and to deliver value to our shareholders," said William H. Raytheon Company, with 2006 sales of $20.3 billion, is a technology leader, specializing in defense, homeland security, and other government markets throughout the world.
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