BAE Dodges Raytheon's Chancery Suit Over $1.7B F-16 Deal

Law360, Wilmington (November 30, 2016, 9:03 PM EST) -- A Delaware Chancery judge on Wednesday tossed Raytheon Co.’s lawsuit against BAE Systems Holdings Inc. over a soured $1.7 billion F-16 aircraft radar upgrade sale to South Korea, ruling there was no fiduciary duty to be breached and the court didn’t have jurisdiction over the rest of the dispute.

In a five-page order, Vice Chancellor J. Travis Laster did leave the door open for Raytheon to transfer the bulk of the case to the Delaware Superior Court’s Complex Commercial Litigation division, but dismissed the key claim...
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