Raytheon Company, a large defense contractor, has submitted an offer to the SEC to settle an accounting investigation related to revenue recognition at its commuter aircraft subsidiary.  The offer, which the SEC staff has agreed to recommend to the Commission to accept, requires the company to pay a $12 million civil penalty along with the entry of a cease-and-desist order.  Raytheon’s press release (here) states that its CFO, Edward S. Pliner, will also be named in an SEC proceeding regarding the accounting, and he has been placed on leave along with another lower-level executive. (ph)