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Tag Archives: Raytheon

August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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BAE, Raytheon Receive $228M in Australia Defense Services Contracts

Boeing F-18 Super Hornet

BAE Systems and Raytheon (NYSE: RTN) have each received contracts worth nearly $228.3 million combined from Australia’s defense ministry for services in support of military projects there. Defense Minister Christopher Pyne announced the contract extensions for the two companies during a trip to Australia’s New South Wales state, the ministry said Wednesday. Pyne …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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Raytheon Offers Battle Management Platform for Cyber, Electromagnetic Spectrum Domains

Raytheon logo

TYSONS CORNER, VA, Aug. 23, 2016 — Raytheon (NYSE: RTN) has introduced its new battle management platform offering for defense customers at the U.S. Army‘s Cyber Quest event, ExecutiveBiz reported Monday. The company said Monday the Cyber and Electromagnetic Battle Management platform works to support the Electronic Warfare Program Management Tool to provide situational awareness in both …

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Northrop Taps Raytheon for $104M Air Force Global Hawk Ground Control Modernization Subcontract

RQ-4-Global-Hawk

Northrop Grumman  (NYSE: NOC) has awarded Raytheon (NYSE: RTN) a potential $104 million subcontract to update the ground controls of the U.S. Air Force’s RQ-4 Global Hawk unmanned aerial system. Raytheon will equip the mission control stations for the Northrop-built UAS with open architecture that will work to facilitate the addition …

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Navy Awards Raytheon Potential $723M Contract to Develop Enterprise Air Surveillance Radar

Raytheon logo

Raytheon (NYSE:RTN) has been awarded a potential $723.1 million contract to perform engineering and development work on a new airborne ship-based surveillance radar technology for the U.S. Navy. The Defense Department said Friday that Raytheon’s integrated defense systems segment will build, integrate and test an engineering development model of the Navy’s Enterprise Air Surveillance Radar. DoD …

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Raytheon, Navy Test SeaRAM Anti-Ship Missile Defense Aboard USS Carney

Raytheon logo_Ebiz

TYSONS CORNER, VA, Aug. 18, 2016 — Raytheon (NYSE: RTN) and the U.S. Navy have completed the first live fire test on the SeaRAM anti-ship defense system aboard the USS Carney guided-missile destroyer, ExecutiveBiz reported Wednesday. The company said Wednesday the test held in Spain used a RAM Block II missile to intercept a BQM-74E target, which …

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August 17 Market Close: GovCon Index Slide Deepens on Lockheed & Services Stock Declines

GovConIndexDOWN

Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers with one stock …

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General Atomics Tests Missile Tracking Function on Predator B

Predator

TYSONS CORNER, VA, Aug. 17, 2016 — General Atomics has conducted a ballistic missile tracking test using a Predator B/MQ-9 Reaper remotely piloted aircraft equipped with Raytheon‘s (NYSE: RTN) Multi-spectral Targeting Systems-B electro-optical infrared turret system, ExecutiveBiz reported Tuesday. The test was held during the U.S. Navy‘s biennial Pacific Dragon maritime exercise in Hawaii with the Japanese …

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August 15 Market Close: GovCon Index Hits Record Close Again as Defense Primes Rise

GovConIndexUP

Executive Mosaic’s GovCon Index closed at another all-time high Monday with 28 out of 30 companies including all 11 S&P 500-listed stocks in green and middle- to large-tier defense contractors as the session’s top advancers. L-3 Communications (NYSE: LLL) led all net gainers after the military technology maker was selected by Drexel Hamilton …

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