Raytheon Cuts 750 Jobs

Raytheon Aircraft Co. is cutting at least another 750 jobs, citing the softening economy and the Sept. 11 terrorist attacks. 

The company said Monday it was notifying workers of the cuts to be made by the end of the year. The cuts represent 6.4 percent of its work force. 

Raytheon Aircraft, the Wichita-based unit of Lexington, Mass.-based Raytheon Inc., has 11,800 employees overall, including 9,000 at facilities in plants in Wichita and Salina. 

The latest job cuts are in addition to the 920 employees the company cut earlier this year in Kansas. Raytheon said its new round of layoffs will affect hourly and salaried workers primarily in Kansas, although exact figures were not available. 

``The disruption in air travel, delayed aircraft purchases and continued softness in overall demand for aircraft have forced us to take these actions,'' Raytheon Aircraft CEO Jim Schuster said in a statement. 

Raytheon Aircraft also plans to reduce capital expenditures, cut back contract employees and reduce its fleet and factory inventory levels. 

It said even though bookings have slowed in 2001, it has a backlog of $4 billion in orders. That backlog includes orders for 300 new Premier I business jets and 150 Hawker Horizon super mid-size jet. 

Raytheon Aircraft designs and manufactures aircraft for commercial, military and regional airline markets. It had revenues of $3.2 billion in 2000.