Raytheon Wins $60M to Develop Navy Electronic Systems

The U.S. Navy has awarded Raytheon (NYSE: RTN) a .3 million contract to develop and integrate electronic systems into the Navy’s LPD 26 ship, Raytheon announced Wednesday. LPD 26 is the 10th ship of the Navy’s LPD 17-class of expeditionary warfare ships. Raytheon said it will provide for LPD 26: Engineering and ship control systems Shipboard wide area network Navigation data distribution...

Raytheon Purchases Md. Cybersecurity, Enterprise Architecture Developer

Raytheon Co. (NYSE: RTN) has acquired Columbia, Md.-based cybersecurity, enterprise architecture and systems engineering firm Henggeler Computer Consultants for an undisclosed amount. Raytheon’s announcement said the company does not expect the deal to affect total sales or earnings per share in its 2012 fiscal year. It is Raytheon’s second cybersecurity purchase this month and 10th since...

Raytheon Racks Up $50M in ISR, Electronic Warfare Awards

Raytheon Co.‘s (NYSE: RTN) electronic warfare business has capped a busy month that saw it place million in contract awards under its belt, the company has announced. The company won work with the U.S. Navy, Air Force and international customers to provide airborne and shipboard jammers, radar warning receivers and towed decoys, among other products. Mark Kula, vice president for Raytheon’s...

Raytheon Wins $241M for Missile Engineering Design, Development

The U.S. Missile Defense Agency has awarded Raytheon Co. (NYSE: RTN) a 1 million contract modification to continue engineering design and development work on the Standard Missile-3 Block IIA. Raytheon said in a release that the missile is a co-development effort between the U.S. and Japan and is part of the MDA’s sea-based Aegis ballistic missile defense system. “The co-development of...

Raytheon Wins $265M for Missile Defense Engineering, Laser Bomb Components

Raytheon (NYSE: RTN) has received separate contract awards totaling approximately 5 million from the U.S. Missile Defense Agency and the U.S. Air Force. The MDA awarded the company a $241,084,008 modification for engineering services and material for systems engineering, design and development support. The award also includes initial hardware fabrication for the Standard Missile-3 Block IIA missile...

Raytheon Wins $307M IDIQ for Missile Defense Testing, Radar Software

The U.S. Missile Defense Agency has awarded Raytheon’s (NYSE: RTN) integrated defense systems business unit an indefinite-delivery/indefinite quantity contract with a total ceiling award value of $307,580,000. Raytheon will perform sustainment efforts to maintain software required to operate the X-band family of radars and ballistic missile defense system test planning, execution and analysis. The...

Raytheon 3Q Bookings Jump 14%; Credit Rating Upgraded by Moody’s

Raytheon Co. (NYSE: RTN) released its third quarter financial results on Oct. 27. The company reported it earned $1.39 per diluted share, a 3 percent increase over the third quarter of 2010. The company also reported $6.884 million in third quarter bookings, a more than 14 percent increase from the $6.038 million it reported in the prior year period. The 2011 quarter’s bookings resulted in...

Raytheon Wins Potential $550M Torpedo Contract with Foreign Military Sales Items

Raytheon Co. (NYSE: RTN) has been awarded a potential 0 million contract by the U.S. Navy for MK54 lightweight torpedo hardware. The company’s integrated defense systems business has won a $42.6 million order to deliver 100 MK54 kits for the U.S. fleet inventory in support of foreign military sales. Contract work could extend five years with options for additional international and domestic...

Raytheon Executive-Level Cyber Training Added to GSA Schedule 70 Contract

The U.S. General Services Administration has added Raytheon Co.’s (NYSE: RTN) cyber operations training solutions to the company’s Schedule 70 contract, the most widely used federal IT award vehicle. The company will utilize cyber battle labs with real-time cyber threat data for its executive-level and advanced practitioner training courses. Raytheon will provide cyber training services that...

Former Raytheon VP, Army Gen. John Urias to Lead Oshkosh Defense

Former Raytheon (NYSE: RTN) vice president of integrated defense systems John Urias has joined Oshkosh Corp. (NYSE: OSK) as an executive vice president and president of defense. Urias was responsible for developing new business opportunities and supporting international business efforts while at Raytheon. The company said he was a key participant in national theater and security programs. Prior...