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

Law360, Washington (November 7, 2013, 3:07 PM EST) -- 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...
To view the full article, register now.



Case Information

Case Title

Raytheon Company v. US

Case Number



Appellate - Federal Circuit

Nature of Suit

116 Contract - Supply - (CDA)

Date Filed

October 10, 2012

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.