Raytheon plans sale of sonobuoy business to U.K. company
Raytheon Co. agreed to sell its sonobuoy business for $21.6 million in cash to Ultra Electronics (Holdings) PLC, a U.K.-based aerospace and defense company with operations in the U.K. and Canada. Raytheon's sonobuoy business, which has produced over 4.8 million of the submarine-detecting devices...
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