Raytheon Defends $59.2M Pension Award In Fed. Circ.

Law360, New York (April 15, 2013, 8:31 PM EDT) -- Defense contractor Raytheon Co. asked the Federal Circuit on Monday to largely affirm a $59.2 million judgment against the U.S. government for refusing to pay adjusted pension costs on four business segments Raytheon sold off between 2001 and 2002.

Raytheon told the court in its brief that the government was advancing a belated and flawed argument in its attempt to undo the award, which compensated Raytheon for pension costs associated with the company’s restructuring.

The U.S. claims that Raytheon gave up its right to recoup the...
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