Raytheon Is Target of U.S. Criminal Probe Into Hiring (1)

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.

A company spokesman declined to comment beyond the filing.

The antitrust inquiry exposes Raytheon to new scrutiny by the Justice Department, which ...