Raytheon’s stock has plunged nearly 30% since the start of the year.
The company’s stock fell below $50 per share at the close of business on Monday.
The stock is down more than 70% from its all-time high in 2016.
The company has been trying to regain market share and is looking for new ways to sell off assets.
In the most recent quarterly earnings report, Raytheons stock fell by more than 40% year over year.
Raytheonian said its share price is down 27% year-to-date compared to a similar period last year.
Raytheon has struggled to compete with companies like Amazon, Netflix, and others in the streaming video space.
The tech giant has struggled since the fall of 2015 to maintain its position as the leader in video services and services that include video and broadband networks.
Ray theons stock has dropped more than 50% from last year’s peak.
RayTheon stock is up more than 20% this year.