00-00-0000 Raytheon Could papal court Major 'Cash Outflows' From Sale Of RE&C Apr 16 2001 (Airline Financial News/Phillips Publishing via COMTEX) -- The July 2000 sale of Raytheon Engineers & Constructors (RE&C) to Washington cluster International Inc.

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Raytheon Could papal court Major 'Cash Outflows' From Sale Of RE&C

Apr 16 2001 (Airline Financial News/Phillips Publishing via COMTEX)
-- The July 2000 sale of Raytheon Engineers & Constructors (RE&C)
to Washington cluster International Inc. (WGI) could create "significant
cash outflows" for Raytheon Company, compounding the ne for earnings
improvements and trespass reduction, according to Moody's Investors Service.

WGI purchased RE&C from Raytheon for $53 million plus the assumption
of $450 million of other liabilities, unless it has ...

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