ADVFN - Advanced Financial Network.
HOME» NYSE » R » RTN Stock Price » RTN Stock News

Raytheon Share News

 Raytheon Co. Stock Price
RTN Stock Price
 Raytheon Co. Stock Chart
RTN Stock Chart
 Raytheon Co. Stock News
RTN Stock News
 Raytheon Co. Company Information
RTN Company Information
 Raytheon Co. Stock Trades
RTN Stock Trades

Republican Lawmakers Ask Defense Firms about Impact of Coming Budget Cuts

By Corey Boles WASHINGTON--A group of Republican senators wrote to leading defense contractors seeking information about what the industry is doing to prepare for the impact of $600 billion in scheduled spending cuts starting in January. The lawmakers sent a letter asking for answers to a handful of questions to 15 major defense-contracting firms including Lockheed Martin Corp. (LMT), Raytheon Co. (RTN) and Northrop Grumman Corp. (NOC). "Significant questions exist regarding the implementation of these automatic budget cuts and how they will impact federal government operations, our economy, and the defense industrial base," the letter sent by the lawmakers said. It was sent by six Republican members of the Senate Armed Services Committee, including Sen. John McCain (R., Ariz.), the top Republican lawmaker on the influential panel. The letter asks for the total number and dollar figure of contracts the companies have with the Pentagon that could be cut as a result of the coming belt tightening. It also asks what likely impact there would be on job losses and spending on research and development by the companies. Republican lawmakers have been warning for months the cuts could imperil the military's ability to defend U.S. interests at home and abroad. They have pushed for the cuts to be spread across the rest of the federal budget. The cuts were part of $1.2 trillion in budget cuts included as part of a debt deal last year. The spending reductions were aimed at compelling a committee of lawmakers to agree to a wider deal to rein in federal spending. The panel failed, however, leaving lawmakers facing the prospect of implementing the cuts or taking action before the end of the year to change the law requiring them to do so. The other half of the cuts would come from the rest of federal spending that funds many domestic programs including efforts to combat poverty and provide assistance to elderly Americans. The $1.2 trillion in cuts would take place over the next decade, with the first round of cuts set to be implemented in January. Write to Corey Boles at [email protected]

Stock News for Raytheon (RTN)
DateTimeHeadline
01/18/201716:05:00James A. "Sandy" Winnefeld, Jr. elected to Raytheon Board of...
01/17/201708:00:00Raytheon Company to release 2016 fourth quarter and full-year...
01/17/201708:00:00Raytheon completes factory qualification testing of next-generation...
01/11/201712:30:00US Navy, Raytheon generate Tomahawk missile flight plans in real...
01/10/201712:10:00Standard Missile-6 approved for international sales
01/05/201717:27:52Statement of Changes in Beneficial Ownership (4)
12/29/201608:30:00Patriot nation awards Raytheon more than $600m to upgrade missile...
12/27/201609:42:00Raytheon to offer U.S. Army lowest-risk, next-gen training
12/21/201609:00:00Raytheon to produce NSA-certified encryption devices with next-generation...
12/21/201608:00:00Raytheon to demonstrate new tech for uninterrupted military communications...
12/19/201612:46:00Raytheon SM-6 intercepts ballistic missile target at sea
12/16/201608:00:00U.S. Air Force selects Raytheon F-16 mission computer
12/05/201615:30:00Human Rights Campaign names Raytheon a "Best Place to Work" for...
12/05/201608:30:00Raytheon, DARPA developing advanced tech to protect US power...
11/30/201617:21:50Statement of Changes in Beneficial Ownership (4)
11/30/201617:21:25Statement of Changes in Beneficial Ownership (4)
11/28/201608:30:00Raytheon wins $225m contract for increased Patriot missile defense...
11/28/201608:00:00Raytheon offers the only interoperable electronic warfare planning...
11/21/201608:00:00Raytheon executives to speak at Credit Suisse 4th Annual Industrials...
11/20/201620:50:00CFIUS Again Objects to a China-Europe Deal

Raytheon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US