Washington Group International files fraud lawsuit against Raytheon Co.

BOISE, Idaho, March 8, 2001 (BUSINESS WIRE) – Washington Group International (NYSE:WNG) today announced that it has filed suit against Raytheon Co. and Raytheon Engineers & Constructors International Inc. (RECI), alleging fraud and seeking rescission and, alternatively, unspecified damages for breach of contract in the company’s July 2000 acquisition of Raytheon Engineers & Constructors (RE&C).

WASHINGTON, DC, March 8, 2001 (PRNewswire) – The American Society of Civil Engineers (ASCE) today released its 2001 Report Card for America’s Infrastructure in which the nation’s infrastructure received a cumulative grade of “D+” for twelve infrastructure areas.

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