Where did you hear Raytheon is tightening its belt "across the board?"
My understanding is that legacy Raytheon still continues to hire for new positions and is not facing furloughs / pay cuts.
Meanwhile, only SOME employees with Pratt & Whitney / Collins Aerospace who aren't direct charge are seeing furloughs / pay cuts (as usual, they're and choosing which folks they're exemptinf with no rhyme or reason).