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Tag Archives: Raytheon

September 29 Market Close: GovCon Index Slips Into Deep Red, Positioned for 2nd Straight Monthly Loss

GovConIndexDOWN

Executive Mosaic’s GovCon Index fell out of narrow range in afternoon trade Thursday to close down 1 percent and position itself for a second consecutive monthly loss with one day left in September as fears over the health of Deutsche Bank both dragged down banking shares and overshadowed U.S. financial markets. KBR (NYSE: …

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Raytheon Taps CPI Aero to Provide Components for Navy Jammer Pods

Raytheon logo

TYSONS CORNER, VA, Sept. 29, 2016 — Raytheon (NYSE: RTN) has awarded a $2.7 million subcontract to CPI Aerostructures for the supply of air management system components in support of Raytheon’s Next Generation Jammer Increment 1 pod program with the U.S. Navy, ExecutiveBiz reported Wednesday. CPI Aero said Tuesday it will deliver AMS door and duct assemblies …

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Raytheon Adds Harman CEO Dinesh Paliwal to Board of Directors

Raytheon logo

TYSONS CORNER, VA, Sept. 27, 2016 — Raytheon (NYSE: RTN) has added Dinesh Paliwal, president and CEO of Connecticut-based Harman International, as a member of the defense company’s board of directors, GovCon Executive reported Monday. Paliwal also serves on the board of Harman, Bristol-Myers Squibb Company and the business advisory council of Miami University’s Farmer …

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General Dynamics-Raytheon JV Gets $96M Contract Modification for Air Force Launch & Test Range Support

rocket launch

A joint venture of General Dynamics (NYSE: GD) and Raytheon (NYSE: RTN) has received a one-year, $95.7 million contract modification from the U.S. Air Force to perform integrated support work on the service branch’s launch and test range system. The Defense Department said Monday the Air Force’s Space and Missile Systems Center will use fiscal 2017 …

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September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

GovConIndexDOWN

Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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Weekly Roundup September 19 – September 23 2016: KBR Becomes Major Govt Services Player & more

KBRlogo

September 19 – September 23 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson KBR’s expansion move into the U.S. and global government services markets became official on Monday when the Houston-based engineering company closed its $300 million purchase of the business known as …

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U.S., India Near Joint Production Deal for Javelin Missile Tech

Javelin

TYSONS CORNER, VA, Sept. 23, 2016 — The U.S. and India are close to reaching a deal to jointly manufacture the Javelin anti-tank guided missile technology, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Javelin Joint Ventures, a Lockheed Martin (NYSE: LMT)-Raytheon (NYSE: RTN) joint venture, and Tata Group‘s Tata Power Strategic Engineering Division have signed a letter of …

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Kurt Amend Named Raytheon Saudi Arabia Operations President; Thomas Vecchiolla Comments

Raytheon logo

TYSONS CORNER, VA, Sept. 23, 2016 — Kurt Amend, who joined Raytheon (NYSE: RTN) in 2011, has been appointed to succeed the retiring Lou Laroche as president of the company’s operations in  Saudi Arabia, GovConExecutive reported Thursday. Amend previously served as vice president of foreign policy and national security affairs within Raytheon’s international business …

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State Dept Clears $2B Sale of Boeing KC-46A, Raytheon & Northrop Components to Japan

KC46A

The State Department has given Japan the go-ahead to purchase the Boeing-built (NYSE: BA) KC-46A Pegasus tanker aircraft and related support from the U.S. government under a potential $1.9 billion foreign military sales agreement. Japan asked to procure four KC-46A aerial refueling planes equipped with Raytheon-made (NYSE: RTN) ALR-69A radar warning receivers and MAGR …

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Navy Picks 7 Firms for Cyberspace Research, Tech Integration Support Contracts

software-engineering

Seven companies have won separate potential five-year contracts to provide technology integration, cyberspace science, research and engineering support to the U.S. Navy. Each of cost-reimbursement contracts have a base term of three years with an additional two-year option and the Navy’s Space and Naval Warfare Systems Center Pacific received 13 proposals, the Defense …

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