It has been reported that Raytheon (NYSE:RTN) is to cut 51 jobs in a Louisville weapons plant. Raytheon (NYSE:RTN) Cutting Kentucky Jobs Tucson-based Raytheon (NYSE:RTN) Missile Systems has laid off 51 employees at its Louisville plant, citing lower demand for work on a ship-defense gun system. The defense contractor, which makes Phalanx gun systems for the Navy, now has 364 employees at its Louisville plant. John Eagles, the spokesman at Raytheon (NYSE:RTN) said that, "Today's action is to better align the workforce to current and future business requirements." Raytheon (NYSE:RTN) company shares are currently standing at 51.72. Price History Last Price: 51.72 52 Week Low / High: 42.65 / 60.1 50 Day Moving Average: 49.9 6 Month Price Change %: 13.3% 12 Month Price Change %: -8.8%
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Monday, March 7, 2011
Raytheon (NYSE:RTN) Cutting Kentucky Jobs
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