Raytheon could unload 1 of its business enterprise units for $1 billion

Raytheon Technologies Corp., just one of the world’s major aerospace and defense firms, is considering a $1 billion sale of a products and services unit, in accordance to persons acquainted with the issue.

The company is operating with an adviser to appear at strategic possibilities for the device, which includes a sale, stated the people today, who asked not to be discovered mainly because they weren’t licensed to discuss publicly.

The unit, which provides education for the restore and maintenance of devices, cars and equipment, is likely to desire personal equity corporations, the people today mentioned. A ultimate decision on pursuing a sale hasn’t been produced and Raytheon could elect to retain the company, the men and women explained.

A spokesperson for Raytheon, based mostly in Waltham, Massachusetts, declined to comment.

Raytheon has been producing divestitures next its all-stock merger with United Systems Corp. that created a small business valued at about $130 billion past April. BAE Methods Plc agreed to buy the company’s army worldwide positioning process business enterprise for $1.9 billion and its airborne tactical radios small business for $275 million.

Raytheon, which commenced as a refrigeration corporation in 1922, is now centered close to 4 divisions: Collins Aerospace motor maker Pratt and Whitney sensors and protection.

Kiel Porter, Bloomberg