Certification lag spurs the spin off

After reporting 54% rise in second quarter profits, Raytheon, the world’s largest missile manufacturer has plans to sell off its aircraft unit. Credit Suisse has been appointed to hunt for suitable strategic options for the deal, which is to include a stock offering. This spin off of the general aviation and business aircraft manufacturing division has stemmed from certification lags of the Hawker 4000 Jet. The Flight Options business and Raytheon Airline Aviation Services, its regional aircraft asset management operation will not form part of the deal.

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Source:-IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri