Raytheon a goal of DoJ probe into hiring practices (NYSE:RTX)

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Raytheon multinational conglomerate corporation corporate office with building sign

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Raytheon Applied sciences (NYSE:RTX) mentioned in its newest Type 10-Ok that it’s a goal of a U.S. Justice Division antitrust investigation into hiring practices within the aerospace trade.

The probe focuses on alleged hiring restrictions between Raytheon’s Pratt & Whitney division and a few of the unit’s suppliers, and has sought details about the corporate’s Collins Aerospace avionics enterprise.

Bloomberg reported earlier this week that three senior executives in Raytheon’s missiles division had left the corporate.

Raytheon shares reached two-year highs through the week, however the firm “continues to signify a stable funding with good long-term progress,” Librarian Capital writes in a bullish evaluation newly revealed on Looking for Alpha.

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