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Panetta Said May Cancel Army's C-27J Transport -Bloomberg

DOW JONES NEWSWIRES U.S. Defense Secretary Leon Panetta on Thursday will make a budget request of $525 billion for 2013 which will include some base closings, Bloomberg Television reported, citing people close to the matter. Cutbacks in both personnel and aircraft are outlined in the budget proposal, with Army troops to be trimmed to 490,000 from 562,000 and Marine Corps numbers to be dropped to 182,000 from 202,000, according to the sources. The Pentagon proposal may also request cancellation of the Army's C-27J transport and the retirement of some C-5 and C-130 transports. Full story at www.bloomberg.com -Dow Jones Newswires; 212-416-2900

Stock News for Raytheon (RTN)
DateTimeHeadline
07/25/201608:30:00Raytheon developing next-generation networking technology to...
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07/11/201605:15:00Raytheon, USAF complete new round of Small Diameter Bomb II flight...
07/10/201604:00:00US Air Force awards Raytheon $34 million to demonstrate advanced...
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07/01/201612:28:00Raytheon and Thales modify ThalesRaytheonSystems joint venture...
06/27/201608:00:00Raytheon completes milestone for next-generation GPS controls
06/23/201617:55:00The State of Kuwait upgrades its air and missile defense
06/22/201609:50:00BAE Systems Spies Growth in Space Defense

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