CEO of Raytheon’s Forcepoint eyes IPO

WASHINGTON: US missile maker Raytheon’s cybersecurity unit could thrive were it to be listed separately, the head of the unit, Forcepoint, told German business daily Boersenzeitung in an interview published on Saturday. “Raytheon has undertaken that Forcepoint will achieve for civilian cyber defence what Raytheon does for the defence of nation states, and we think that we could unleash enormous potential in our company via a stock exchange listing,” Matthew Moynahan said. He said it was a little early to contemplate such a move, though, according to the newspaper. — Reuters