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Raytheon Ex-Exec to Settle with SEC

Investigation concerns 'alleged improper disclosure and accounting in 2000 and 2001 for the deteriorating market for a line of aircraft manufactured by a Raytheon subsidiary.'

> > Former Raytheon Co. chairman and CEO Daniel P. Burnham has agreed to settle charges by the SEC that a unit of the company improperly accounted for losses in 2000 and 2001, according to Bloomberg.
Source: CFO


Published:2006-03-28
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