Raytheon Ineligible For $60M Pension Win, Fed. Circ. Told

Law360, Washington (November 07, 2013, 3:07 PM ET) -- The U.S. government on Thursday urged the Federal Circuit to nix a decision ordering it to pay Raytheon Co. $59.2 million for adjusted pensions costs on four units the company sold, saying Raytheon didn't meet the requirements to receive the federal reimbursement for its pension deficits.

According to the government, the Federal Acquisition Regulation requires companies to fully fund their pension deficits in the year of the segment closings in order to recoup the costs, but Raytheon failed to comply with that condition when it sold...
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Case Information

Case Title

Raytheon Company v. US


Case Number

13-5004

Court

Appellate - Federal Circuit

Nature of Suit

116 Contract - Supply - (CDA)

Date Filed

October 10, 2012

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