
Ret. Gen. Lloyd Austin, president-elect Biden’s nominee, for defense secretary, has pledged to recuse himself from decisions involving Raytheon [RTN] where he has served on the board of directors, for at least a year if confirmed to lead the Pentagon. Austin, the former U.S. CENTCOM commander, also stands to receive up to $1.7 million in payments from Raytheon as he divests his shares in the company in preparation for his new position, according to new documents filed with the Office…