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U.S. Court of Federal Claims Judge Awards Raytheon $59.2 Million in Pension Case
Reuters July 16, 2012 "A federal judge awarded Raytheon Co $59.2 million in a case against the United States to recover pension losses for government contract work associated with a restructuring begun by the defense contractor in 2000. [This was] $10.1 million less than the amount Raytheon had sought [when it] sued in 2005 after a federal contracting officer denied its claim, saying it had not paid pension deficits it had sought to recover for employees who remained within the ... company's pension plans. [The judge] said the government and contractor should 'pay their fair shares to ensure that the pension plans at issue are fully funded to meet the promises made to the employee-participants covered by the pension plans.'" [U.S. v. Raytheon Co, U.S. Court of Federal Claims, No. 05-00448.] |
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