Sale of Raytheon Engineers and Constructors unit to Morrison Knudsen Corp

RAYTHEON CO. said Friday it has completed the sale of its Raytheon Engineers and Constructors unit to Morrison Knudsen Corp. Raytheon received $53 million in cash. It also kept $250 million of cash collected from the business during the first quarter, $190 million of receivables, $60 million in...

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