Raytheon Closes $3.3 Billion Aircraft Unit Sale

Raytheon Co. (NYSE: RTN) has completed the sale of its Raytheon Aircraft Co. unit to Onex Corp. and Goldman Sachs for $3.3 billion. The company had retained Credit Suisse last July to explore strategic alternatives for the unit, and reportedly had received rival bids from The Carlyle Group and Cerberus Capital Management. www.raytheon.com