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Raytheon Applied sciences (NYSE:RTX) stated in its newest Kind 10-Okay that it’s a goal of a U.S. Justice Division antitrust investigation into hiring practices within the aerospace business.
The probe focuses on alleged hiring restrictions between Raytheon’s Pratt & Whitney division and among the unit’s suppliers, and has sought details about the corporate’s Collins Aerospace avionics enterprise.
Bloomberg reported earlier this week that three senior executives in Raytheon’s missiles division had left the corporate.
Raytheon shares reached two-year highs throughout the week, however the firm “continues to characterize a stable funding with good long-term development,” Librarian Capital writes in a bullish evaluation newly printed on Looking for Alpha.
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