July 1 (Reuters) - Raytheon Co :
* Raytheon and Thales modify ThalesRaytheonSystems joint venture structure
* Raytheon made a cash payment to Thales in amount of $90 million
* Company structure transitions are effective immediately
* Will be recording a tax free gain of approximately $150 million in its Q2 financial results
* Says ThalesRaytheonSystems joint venture has been restructured to focus solely on NATO agencies and NATO member nations
* Former TRS LLC - US operations is now a wholly-owned subsidiary of Raytheon, Raytheon Command and Control Solutions
* Former TRS SAS - French operations is now a wholly-owned subsidiary of Thales
* Ground-Based radars,non-ACCS-related air command,control systems currently within jv portfolio will transition to parent companies Source text for Eikon: Further company coverage:
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