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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (65032)	10/29/2020 7:37:42 PM
From: E_K_S	Read Replies (1) of 78774

This was not good news but it is not unusual to have internal audits (even by the Inspector General/Air Force) but not by the DOJ. Raytheon extends losses after disclosing DoJ criminal subpoena Oct. 28, 2020 12:24 PM ET\|About: Raytheon Technologies Corpo... (RTX)\|By: Carl Surran, SA News Editor Raytheon Technologies ( RTX -4.2%) tumbles after disclosing it received a criminal subpoena from the U.S. Department of Justice seeking information related to an investigation into accounting and controls issues in its Missile & Defense business dating back as far as 2009. The business yesterday reported Q3 sales of $3.79B, about a quarter of the company's total. Raytheon says it is unable to predict the outcome of the probe but does not foresee a material impact on its financial condition or results. -------------------------------------------------------------------------- Raytheon Technologies secures $192M U.S. Air Force contract Oct. 29, 2020 6:31 PM ET\|About: Raytheon Technologies C... (RTX)\|By: Akanksha Bakshi, SA News Editor Raytheon Technologies (NYSE: RTX) has been awarded $192M IDIQ contract for Advanced Medium Range Air-to-Air Missile (‘AMRAAM’) field team and lab support. Work is expected to be completed by September 30, 2030. The Air Force Life Cycle Management Center, Eglin AFB, Florida, is the contracting activity.

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