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RAYTHEON UNDER THE GUN

RAYTHEON UNDER THE GUN Defense contractor Raytheon is under investigation by the Securities and Exchange Commission -- for the third time in two years. The company's commuter aircraft division is being reviewed for possibly fishy accounting practices from 1997 to 2001, the Guardian reports. Raytheon was recently scrutinized for allegedly hiding cost overruns in a construction subsidiary, and for giving inside information to favored financial analysts.In a separate case, Raytheon yesterday agreed to pay a nearly $4 million fine for improperly billing the Department of Defense from 1988 to 1999.

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