US Owes Raytheon $60M In Pension Costs, Judge Says

Law360, New York (July 16, 2012, 7:53 PM EDT) -- Defense contractor Raytheon Co. landed a $59.2 million judgment against the U.S. government for refusing to pay adjusted pension costs on four business units Raytheon sold off between 2001 and 2002, according to a U.S. Court of Federal Claims decision unsealed Monday.

Just because Raytheon waived its right to make contractual claims against the government, with whom the target units held several contracts at the time of sale, does not mean it also signed away its statutory right to collect pension adjustments due under the agreements,...
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