US defence contractor Raytheon plans to sell its Forcepoint cyber-security firm at some point but has no specific time frame for doing so, according to officials at the parent company.
Forcepoint is "doing some good things … and I think we'll go to the market at the right time relatively speaking from a position of strength", said Anthony "Toby" O'Brien, Raytheon's chief financial officer, who spoke on 7 November at the Baird Global Industrial Conference in Chicago. "We're going to do it when it makes sense and can create the most value for shareholders."
O'Brien said he does not see Forcepoint as a good long-term fit with Raytheon Technologies, which will be created when Raytheon completes its merger with United Technologies Corporation (UTC) in the first half of next year.
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