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BUSINESS
December 7, 1995
Brazil Congress to Decide Raytheon Deal: Brazil's National Defense Council left it up to Congress to determine the future of a $1.4-billion contract for Raytheon Corp. to build an Amazon radar surveillance system. After a four-hour meeting, the council said President Fernando Henrique Cardoso had resolved that the Senate would decide the fate of the project, which is embroiled in allegations of corruption.
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BUSINESS
August 28, 2000
* Members of the largest union at Raytheon Co. are expected to go on strike today after rejecting a proposed contract from the No. 3 U.S. defense contractor, saying the company had failed to offer sufficient health and job security benefits. The strike by 3,000 International Brotherhood of Electrical Workers members would involve workers in Massachusetts, where the company makes its Patriot missile and Hawk missile defense system.
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BUSINESS
September 16, 1994 | From Times Staff and Wire Reports
Raytheon Announces Consolidation, Job Cuts: The Lexington, Mass.-based company said it would cut 940 jobs in the United States and Britain as it combines its Beech Aircraft and Corporate Jet subsidiaries into one aviation business to be called Raytheon Aircraft Co. Weak demand in the business aviation market prompted the company to seek ways to lower costs. The firm said it would cut 450 jobs in Wichita, Kan.; 140 in Little Rock, Ark., 40 in Salina, Kan., and 310 in England. Raytheon Corp.
BUSINESS
June 18, 1998 | From Bloomberg News
Raytheon Co. on Wednesday ended an almost yearlong search for a successor to Chairman Dennis Picard by naming AlliedSignal Inc.'s Daniel Burnham as president. Burnham, 51, will join Raytheon on July 1 as president and chief operating officer before becoming chief executive on Dec. 1, the company said. Picard, 65, will remain chairman no more than another year. Raytheon became the world's third-largest aerospace company last year when it completed $12.
BUSINESS
March 3, 1993
Fluor Corp. said Tuesday that its Fluor Daniel engineering and construction subsidiary in Irvine has teamed up with a division of Raytheon Corp. to build a large-capacity oil refinery about 100 miles south of Bangkok in Thailand. The $2.2-billion project in Rayong province is scheduled for completion in 1996. Fluor Daniel and Raytheon's Badger Co. unit have signed the letter of intent for the project with Rayong Refinery Co. The value of the deal to either Fluor or Badger was not disclosed.
NEWS
November 7, 1987 | From Reuters
Italian Defense Minister Valerio Zanone said on Friday he plans to sign an agreement to buy 20 batteries of U.S. Patriot surface-to-air missiles. "It is about time to bring this (the missile purchase) to a conclusion," Zanone told reporters after meetings with President Reagan, outgoing Defense Secretary Caspar W. Weinberger and other U.S. officials. He said the two countries would sign a letter of intent and negotiate later the details of how much of the missile work would be done in Italy.
BUSINESS
February 5, 1991
The Federal Trade Commission warned consumers to be on the alert for battalions of con artists who may be out to turn Operation Desert Storm into Operation Desert Scam. The Pentagon is seeking $80 million for short-term improvements to the Raytheon Corp.-made Patriot missile system used to shoot down Iraqi-fired Scud missiles in the Middle East.
NEWS
January 12, 1992 | JIM MANN, TIMES STAFF WRITER
The Bush Administration recently cleared the way for Taiwan to buy the components of Patriot missiles from the United States to upgrade its air defenses against China, according to Pentagon and defense industry officials. The action was not publicly announced, but a spokesman for Raytheon Corp. acknowledged that the Bush Administration on Dec. 9 awarded an export license authorizing the U.S.
BUSINESS
October 9, 1990 | United Press International
Raytheon Co. won a $70-million engineering contract to improve the quality of air emissions at two Tennessee Valley Authority coal-fired electric plants. The company's Philadelphia-based United Engineers & Construction subsidiary will help the TVA with preliminary design for flue gas scrubbers on plants at Cumberland City, Tenn., and Drakesboro, Ky.
BUSINESS
August 28, 2000
* Members of the largest union at Raytheon Co. are expected to go on strike today after rejecting a proposed contract from the No. 3 U.S. defense contractor, saying the company had failed to offer sufficient health and job security benefits. The strike by 3,000 International Brotherhood of Electrical Workers members would involve workers in Massachusetts, where the company makes its Patriot missile and Hawk missile defense system.
BUSINESS
December 7, 1995
Brazil Congress to Decide Raytheon Deal: Brazil's National Defense Council left it up to Congress to determine the future of a $1.4-billion contract for Raytheon Corp. to build an Amazon radar surveillance system. After a four-hour meeting, the council said President Fernando Henrique Cardoso had resolved that the Senate would decide the fate of the project, which is embroiled in allegations of corruption.
BUSINESS
September 16, 1994 | From Times Staff and Wire Reports
Raytheon Announces Consolidation, Job Cuts: The Lexington, Mass.-based company said it would cut 940 jobs in the United States and Britain as it combines its Beech Aircraft and Corporate Jet subsidiaries into one aviation business to be called Raytheon Aircraft Co. Weak demand in the business aviation market prompted the company to seek ways to lower costs. The firm said it would cut 450 jobs in Wichita, Kan.; 140 in Little Rock, Ark., 40 in Salina, Kan., and 310 in England. Raytheon Corp.
BUSINESS
March 3, 1993
Fluor Corp. said Tuesday that its Fluor Daniel engineering and construction subsidiary in Irvine has teamed up with a division of Raytheon Corp. to build a large-capacity oil refinery about 100 miles south of Bangkok in Thailand. The $2.2-billion project in Rayong province is scheduled for completion in 1996. Fluor Daniel and Raytheon's Badger Co. unit have signed the letter of intent for the project with Rayong Refinery Co. The value of the deal to either Fluor or Badger was not disclosed.
BUSINESS
May 26, 1992 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
Some of the reasons for General Dynamics' decision to sell its missile operations to Hughes Aircraft are obvious. But beyond the shrinking defense budget and the resulting tougher competition for contracts are sweeping changes in bidding procedures that would have frozen out the San Diego operation.
NEWS
January 12, 1992 | JIM MANN, TIMES STAFF WRITER
The Bush Administration recently cleared the way for Taiwan to buy the components of Patriot missiles from the United States to upgrade its air defenses against China, according to Pentagon and defense industry officials. The action was not publicly announced, but a spokesman for Raytheon Corp. acknowledged that the Bush Administration on Dec. 9 awarded an export license authorizing the U.S.
BUSINESS
February 5, 1991
The Federal Trade Commission warned consumers to be on the alert for battalions of con artists who may be out to turn Operation Desert Storm into Operation Desert Scam. The Pentagon is seeking $80 million for short-term improvements to the Raytheon Corp.-made Patriot missile system used to shoot down Iraqi-fired Scud missiles in the Middle East.
BUSINESS
May 26, 1992 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
Some of the reasons for General Dynamics' decision to sell its missile operations to Hughes Aircraft are obvious. But beyond the shrinking defense budget and the resulting tougher competition for contracts are sweeping changes in bidding procedures that would have frozen out the San Diego operation.
BUSINESS
June 18, 1998 | From Bloomberg News
Raytheon Co. on Wednesday ended an almost yearlong search for a successor to Chairman Dennis Picard by naming AlliedSignal Inc.'s Daniel Burnham as president. Burnham, 51, will join Raytheon on July 1 as president and chief operating officer before becoming chief executive on Dec. 1, the company said. Picard, 65, will remain chairman no more than another year. Raytheon became the world's third-largest aerospace company last year when it completed $12.
BUSINESS
October 9, 1990 | United Press International
Raytheon Co. won a $70-million engineering contract to improve the quality of air emissions at two Tennessee Valley Authority coal-fired electric plants. The company's Philadelphia-based United Engineers & Construction subsidiary will help the TVA with preliminary design for flue gas scrubbers on plants at Cumberland City, Tenn., and Drakesboro, Ky.
NEWS
November 7, 1987 | From Reuters
Italian Defense Minister Valerio Zanone said on Friday he plans to sign an agreement to buy 20 batteries of U.S. Patriot surface-to-air missiles. "It is about time to bring this (the missile purchase) to a conclusion," Zanone told reporters after meetings with President Reagan, outgoing Defense Secretary Caspar W. Weinberger and other U.S. officials. He said the two countries would sign a letter of intent and negotiate later the details of how much of the missile work would be done in Italy.
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