Raytheon Sinks After Disclosing U.S. Probe of Defense Books (1)

Raytheon Technologies Corp. fell after the company disclosed a demand from the U.S. Department of Justice for records dating back more than a decade from the company’s missile business.

The criminal subpoena was dated Oct. 8 and Raytheon is cooperating, according to a company regulatory filing Tuesday. Federal prosecutors are seeking documents and information in a probe of accounting and other reporting matters within Raytheon’s Missiles & Defense business since 2009, according to the filing.

In the same filing, Raytheon also disclosed it had received a second subpoena from the U.S. Securities and Exchange Commission related to a separate, previously ...