Ralph Acaba: Raytheon Awarded $109M for Patriot Missile Engineering

Ralph-Acaba
Ralph Acaba Raytheon (NYSE: RTN) has been awarded a $109 million contract for engineering and support work on the Patriot air and missile defense systems. The company said Wednesday it will provide Patriot system analysis, testing, software development and logistics services to the U.S. Army and foreign military sale customers. “Customers around the world will benefit from the maintenance and...

Report: Air Force Could Award Long-Range Radar Contract Next Week

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The U.S. Air Force is close to naming the winner of a contract to produce long-range, ground-based sensors for tracking hostile aircraft and missiles, Defense News reported Wednesday. Aaron Mehta writes that Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) are competing for the Air Force’s Three Dimensional Expeditionary Long-Range Radar development program. The...

Raytheon to Develop Humvee-Based Anti-Drone Lasers; Bill Hart Comments

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Raytheon (NYSE: RTN) will work with the Office of Naval Research to build a vehicle-based laser weapon system to target drones and other low-flying adversarial assets. Bill Hart, vice president of space systems at Raytheon, said Wednesday the laser will be based on planar waveguide technology and have a compact design for use on mobile platforms. The $11 million contract was awarded under ONR’s...

Michele Lohmeier: Raytheon to Continue Producing Excalibur Projectiles for the Army

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Raytheon (NYSE: RTN) has been given permission by the U.S. Army to start full-rate production work on the company’s Excalibur cannon artillery rounds. The company has also won a $52 million contract to continue building Excalibur shells for the military branch, Raytheon said Thursday. According to Raytheon, the guided munition has the Army’s type classification-standard certification for...

Mike Shaughnessy: Raytheon, TELDAT to Explore Defense Tech Market Opportunities

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Raytheon (NYSE: RTN) and Polish technology firm TELDAT will collaborate to offer a range of software, hardware and service offerings for defense customers in Poland and the international market. The companies agreed to explore new business opportunities in the areas of military communications, command and control, systems integration and Internet Protocol-based networking, Raytheon said Monday. Mike...

Thomas Kennedy Named Raytheon Board Chairman; Adm. Vern Clark Comments

Thomas Kennedy
Thomas Kennedy Thomas Kennedy, CEO of Raytheon (NYSE: RTN), has been elected to serve as chairman of the company’s board of directors beginning on Oct. 1. Kennedy will succeed William Swanson, who will retire from Raytheon on Sept. 30 after serving as chairman of the board since 2004, Raytheon said Monday. “On behalf of the board, I would like to express our deepest appreciation for Bill’s...

Raytheon Issues Dividend to Shareholders

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The board of directors at Raytheon (NYSE: RTN) has approved a quarterly cash dividend of 61 cents per share on the company’s common stock. Raytheon said Wednesday that stockholders of record at the close of business on Oct. 1 will receive the dividend Oct 30. The Waltham, Massachusetts-based defense firm reported $24 billion in sales for its 2013 fiscal year. LinkedInTweet+1E-mail

Ralph Acaba: Raytheon to Build Processor Kits Under Int’l Patriot Engineering Program

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State Dept. photo Raytheon (NYSE: RTN) will produce radar digital processor kits for Patriot Air and Missile Defense Systems operated by the U.S. and two partner countries under a $235.5 million contract. The company said Wednesday that the full-rate production contract is intended to reduce the number of battery replaceable units from 759 to 56 and increase reliability by 40 percent. Production work...

Raytheon to Build Air Force Decoy Jammer Missile

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Raytheon (NYSE: RTN) will develop the seventh batch of miniature air-launched decoy jammer missile for the U.S. Air Force under an $80 million contract. The company will incorporate data, mission planning, process verification program and flight software systems into the jamming technology, Raytheon said Monday. Raytheon will perform the work at its Tucson, Arizona-based facility through June 30,...

Raytheon to Maintain Air-to-Air Missiles Program

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Raytheon (NYSE: RTN) has been awarded a more than $163 million contract to maintain a medium range air-to-air missiles program. Raytheon will provide engineering, program management and contractor logistics support for the AMRAAM central processing unit, Raytheon said Thursday. Raytheon will perform the task in Tucson, Arizona until Jan. 31, 2017. The company will also work to build test equipment...