S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Military

Raytheon Files To Raise Up To $3 Billion (RTN)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Raytheon_logoRaytheon Company (NYSE: RTN) has just filed an open shelf registration statement with the SEC to sell up to $3 billion in any combination of securities in the form of debt securities, common stock, preferred stock, and warrants.

The defense firm listed its use of proceeds as being for generalcorporate purposes. General corporate purposes may include repayment ofdebt, acquisitions, additions to working capital, capital expenditures,and investments in our subsidiaries.

Raytheon has a market cap of $19.5 billion after its shares rose  6% to $46.71 today. Its 52-week trading range is $41.81 to $67.49.  As of June 29, Raytheon had $2.55 billion in cash and equivalents while its total long-term debt, "other’ liabilities, and deferred long-term charges came to more than $5.8 billion (total liabilities were over $10.8 billion).

No underwriters were listed in the shelf registration.

Jon C. Ogg
October 23, 2008

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Smith International Files To Raise Capital (SII)

Smith International, Inc. (NYSE: SII) has just filed a mixed securities shelf registration statement.  This will allow the oil and…

Douglas A. McIntyre |

Baker Hughes Files New $2 Billion Shelf Registration (BHI)

Baker Hughes Inc. (NYSE: BHI) has just filed a new shelf registration statement with the SEC  to sell up to…

Jon C. Ogg |

First Solar Follows Tesla, Big Stock Offering After Huge Stock Price Gains

thinkstockIs First Solar Inc. (NASDAQ: FSLR) stealing a page from the playbook of Tesla Motors Inc. (NASDAQ: TSLA). A fresh…

Jon C. Ogg |

Does Google Need to Raise Capital? (GOOG)

The headlines throughout the day on internet stocks may read “Google Raising Cash” after its automatic shelf registration.  Google Inc.…

Will a $1 Billion Capital Raise Lead to More Smaller Gold Company Mergers?
Jon C. Ogg |

Will a $1 Billion Capital Raise Lead to More Smaller Gold Company Mergers?

It’s not every day that a $2 billion gold company sets the stage to raise up to $1 billion via…

Jon C. Ogg |

Corning Back to Attractive Long-Term Valuation, Chart Shows Trouble (GLW)

Corning Inc. (NYSE: GLW) has filed to raise capital in an automatic shelf registration today.  The reality is that this…

Douglas A. McIntyre |

Cisco Raising Cash By Selling Debt (CSCO)

Cisco Systems, Inc. (NASDAQ: CSCO) has filed a preliminary prospectus supplement under an existing shelf registration with the SEC this…

Douglas A. McIntyre |

Will Level 3 Be Able To Raise Its Shelf Cash? (LVLT)

Level 3 Communications Inc. (NASDAQ: LVLT) is one of the more active stocks for traders in the $1.00 and sub-$5.00…

Jon C. Ogg |

Sequenom Files To Raise Capital (SQNM)

Sequenom, Inc. (NASDAQ: SQNM) has just filed to raise up to $150 million in a mixed securities shelf offering.  The…

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,349,338
NetApp
NTAP • Vol: 15,910,852
ServiceNow
NOW • Vol: 68,174,024
IBM
IBM • Vol: 28,520,874
Hewlett Packard Enterprise
HPE • Vol: 86,963,352

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,743,770
ResMed
RMD • Vol: 3,526,680
Intel
INTC • Vol: 191,580,003
Skyworks Solutions
SWKS • Vol: 5,407,568