Raytheon weighs sale of actuation unit, Bloomberg reports

Raytheon is weighing a sale of a business that makes products such as flight controls, which could fetch roughly $1B, Bloomberg’s Kiel Porter and Ryan Beene report, citing people familiar with the matter. The company is working with an advisor to weigh strategic options for the actuation unit, the authors note. The business is expected to draw interest from corporates and private equity firms, the authors say. Reference Link