Raytheon Considers Selling Aircraft Division

Raytheon recently reported that they had a top notch quarter and that they were considering selling Raytheon Aircraft (makers of the Hawker 4000, Hawker 850XP, Hawker400XP, and the Beechcraft line) as well as taking the company public or spinning it off to shareholders. The Witchita Eagle quoted company chairman and chief executive Jim Schuster as saying, "Raytheon Aircraft's performance is stronger than it's been for many, many years. The general aviation market is very strong and it looks like it will be strong for some time."

Over the years there have been a number of rumors that Raytheon was trying to unload Raytheon Aircraft. However, management at Raytheon must be commended for continuing to invest time and resources in a division that may or may not be on the auction block.

Learjet went through a number of owners before finally finding a home with Bombardier, and I hope that RAC can either go it alone, or find a nice home where it can continue to grow and provide quality products and service to its customers.

I'll catch up with you in a little while.