US Appeals Raytheon's $60M Win In Pension Dispute

Law360, New York (May 30, 2013, 6:26 PM EDT) -- The U.S. government on Tuesday asked the Federal Circuit to reverse a $59.2 million judgment in favor of Raytheon Co. in a dispute that could have great impact on the government's obligation to pay for the pension deficits of sold-off business units of government contractors.

Both the U.S. and Raytheon are appealing portions of a July 2012 decision that awarded Raytheon $59.2 million in adjusted pension costs on four business segments Raytheon sold off between 2001 and 2002. The case deals with a precedent-setting interpretation of...
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