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Profit report: Raytheon faces SEC charge

Raytheon Co will be charged by the Securities and Exchange Commission with giving profit forecasts to stock analysts before telling the public in the agency's first case to enforce Regulation Fair Disclosure, people familiar with the matter said. Raytheon will pay no fine in a settlement under discussion between the SEC and the fourth-largest US defense contractor, five people close to the case said. The settlement calls for Raytheon, without admitting to the allegations, to agree to be subject to tougher sanctions if the company breaks the rule in the future, they said. The potential settlement comes 21 months after the SEC enacted the rule, which bars companies from selectively disclosing market-moving news before announcing it.
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