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2/14, 6:25 AM (Source: TeleTrader)
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SEC probes Raytheon over possible improper payments

The United States Securities and Exchange Commission opened an investigation into defense contractor Raytheon Company over some of its payments made in several Middle Eastern countries. The company has been issued a subpoena for documents relating to the inquiry which is looking into payments as far back as 2014, Raytheon disclosed.

According to spokesman Mike Doble, Raytheon is fully cooperating with the SEC. "We take any suggestion of misconduct seriously and we are examining whether there has been any conduct that is in violation of Raytheon policy," he said as quoted by the Wall Street Journal.

Breaking the News / JC