Raytheon Company Purchases Flight Options Internationals Interest in Flight Options, LLCtitle
WALTHAM, Mass., Dec. 29, 2005 /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) has closed an agreement with Flight Options International to
purchase its remaining equity in Flight Options, LLC, a fractional jet service
provider.
Prior to this agreement, Raytheon had a 97.6% ownership stake in Flight
Options, LLC. This equity purchase makes Flight Options, LLC a wholly-owned
subsidiary of Raytheon Company. Terms of the agreement were not disclosed.
Raytheon Company (NYSE: RTN), with 2004 sales of $20.2 billion, is an
industry leader in defense and government electronics, space, information
technology, technical services, and business and special mission aircraft.
With headquarters in Waltham, Mass., Raytheon employs more than 80,000 people
worldwide.
Contact
Steve Brecken
781.522.5127
