Dennis Picard, as CEO of Raytheon, Reeled in Big Acquisitions and a Tax Cut

Obituary: As Raytheon CEO, Dennis Picard landed major acquisitions and a 500-pound bluefin tuna

When Dennis Picard became chief executive of Raytheon Co. in 1991, the maker of Patriot missile-defense systems and other military gear was laying off workers. The end of the Persian Gulf War and the collapse of the Soviet Union pointed to a drop in U.S. defense spending.

Mr. Picard considered buying a big engineering-services company to reduce dependence on the military. He and his colleagues kicked around the idea of selling Raytheon’s defense business. But he finally decided weaponry was the company’s heritage—and doubled...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hollywood Blvd. Superman Christopher Dennis Dead at 52Christopher Dennis, best known for portraying Superman on Hollywood Blvd. for more than 25 years, has died.
Read more »

Hollywood Boulevard’s Superman Christopher Dennis Dies at 52Christopher Dennis, known for performing as Superman on Hollywood Boulevard, died Saturday in the San Fernando Valley at the age of 52. His cause of death is currently unknown. The Super Museum, a …
Read more »

Christopher Dennis, Hollywood Superman Impersonator, Dead at 52Christopher Dennis, a man known for portraying Superman on Hollywood Boulevard for over 25 years, has died.
Read more »

Christopher Dennis Dies: ‘Hollywood Superman’ And Frequent ‘Jimmy Kimmel Live!’ Guest Was 52Hollywood Boulevard is in mourning for a lost superhero following the death of the man known as Hollywood Superman, who frequented the Walk of Fame tourist attraction. Christopher Dennis, age 52, w…
Read more »

Gap CEO exiting as forecast cut casts doubt on turnaroundGap Inc said on Thursday Chief Executive Officer Art Peck will leave the company...
Read more »

How to spend your retirement savings without triggering a tax penaltyThe IRS requires savers to make withdrawals from their retirement accounts starting at 70½. Here's what you need to know.
Read more »