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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 -Dow Jones Newswires; 212-416-2900

Stock News for Raytheon (RTN)
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09/30/201611:00:00US Navy achieves longest range surface-to-air intercept in naval...
09/30/201608:00:00Raytheon to start transition to production planning of Gallium...
09/29/201610:50:00Lockheed Wins Contract to Install Weapons on Australian Submarines
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09/29/201608:00:00Raytheon chosen for cybersecurity research and support to U.S...

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