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Raytheon Is Target of U.S. Criminal Probe Into Hiring

  • Justice Department investigates pacts not to poach workers
  • Inquiry comes as White House toughens competition scrutiny
Updated on

Raytheon Technologies Corp. is a target of a criminal investigation by the U.S. Justice Department into alleged agreements to limit hiring between its jet-engine unit and some of its suppliers, the company revealed.

The aerospace and defense giant was recently advised that it is a target of the antitrust probe, and is cooperating with the investigation, according to a Friday evening securities filing. No criminal charge has been lodged against the company or its affiliates, Raytheon said.