Raytheon to Update Japan’s Phalanx Weapon Systems; Rick Nelson Comments

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Raytheon (NYSE: RTN) has won a multiyear, $200 million contract to upate the close-in weapon systems of Japan’s maritime self-defense force. The company will provide upgrade kits, support equipment and hardware spares for the Phalanx weapon systems, Raytheon said Thursday. “Phalanx provides the critical inner-layer of protection to sailors around the globe against threats that are...

October 28 Morning Report: GovCon Index Up on Monday’s Close

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The GovCon Index closed Monday at 66.193, up 0.200 or 0.301 percent. Top Percentage Gainers Company Stock Price % Change ICF International Inc. 34.11 1.82% Orbital 29.51 1.65% CGI Group Inc. 33.83 1.41% Raytheon Co. 99.37 1.27% Exelis Inc. 16.99 1.25% Market Summary Advancing Issues 19 (63.33%) Declining Issues 10 (33.33%) Unchanged Issues 1 (3.33%) The Executive Mosaic GovCon...

Robert Delorge: Raytheon Extends Work on FAA’s Dual Frequency System

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Raytheon (NYSE: RTN) has received a $131 million contract to update the Federal Aviation Administration’s wide area augmentation system as the agency moves into a dual frequency system. WAAS serves as a satellite-based augmentation system for air traffic safety functions, Raytheon said Friday. “Continuing to enhance the WAAS system is an important step for the national air space,”...

Raytheon to Manufacture Precision-Guided Missiles for Navy

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Raytheon (NYSE: RTN) has been awarded a potential $54.9 million contract to provide the U.S. Navy close air support missiles designed to help warfighters hit sea and ground targets. The company will produce an unspecified number of its AGM-65E2/L Maverick laser-guided weapon system for the service, Raytheon said Thursday. Maverick was upgraded to integrate with A-10C, F/A-18, AV-8B and F-16 aircraft...

Raytheon Gets OK to Resume Development of Army EW Mgmt Tech

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Raytheon (NYSE: RTN) has received the go-ahead from the U.S. Army to resume development work on a technology intended to help the branch plan and execute missions in an electromagnetic operational environment. The company was awarded a five-year contract for the Army’s Electronic Warfare Planning and Management Tool project, Raytheon said Tuesday. According to Raytheon, the EWPMT software would...

October 15 Morning Report: GovCon Index Inches Up as Global Concerns Hold

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The GovCon Index entered Wednesday trading at 62.785 — approximately 0.82 percent higher than Tuesday’s figure, or an increase of 0.52. Reuters cited concerns over Ebola, the impact of weak global economic figures on U.S. corporate earnings and a decline in oil prices as drivers of Tuesday’s investment activity.   Top Percentage Gainers Company Stock Price % Change Textron 33.83 4.80% Navistar 31.25 4.48% Raytheon 96.56 2.89% Engility...

Tim Glaeser: Raytheon Expects US, Qatar to Close Patriot System Deal By 2014’s End

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Tim Glaeser, a vice president at Raytheon (NYSE: RTN), expects the governments of U.S. and Qatar to reach an agreement by the end of the year for Qatar to purchase a Patriot missile defense system from the U.S. through a foreign military sales agreement, Reuters reported Tuesday. Glaeser, vice president of Raytheon’s integrated defense systems business, told Reuters’ Andrea Shalal that...

Raytheon to Produce 3D Long-Range Radars for Air Force

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U.S. Air Force image Raytheon (NYSE: RTN) has won a potential $71.8 million contract to engineer, manufacture and develop the U.S. Air Force‘s three-dimensional expeditionary long-range radar systems. The 3DELRR EMD contract has a $19,502,764 base value and calls for the company to deliver up to six radar platforms, as well as product support to the military branch, the Defense Department said...

Saudi Arabia Plans $2B Patriot Missile Purchase; Lockheed, Raytheon Prime Contractors

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The State Department has approved Saudi Arabia’s request to purchase a Patriot Air Defense System from the U.S. government under a potential $1.75 billion foreign military sales agreement. The system consists of a set of Patriot Advanced Capability-3 missiles and associated parts and equipment, as well as personnel training and logistics and technical support, the Defense Security Cooperation...

Navy Orders $251M in Raytheon Tomahawks for US, UK Forces

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Raytheon (NYSE: RTN) will deliver a total of 231 Tomahawk Block IV All-Up-Round missiles by August 2016 to the U.S. Navy under a $251.1 million contract. The Defense Department said Wednesday the company will provide 147 vertical launch systems and 64 capsule launch systems to the U.S. Navy for $224.5 million. A $26.6 million foreign military sales portion of the contract covers 20 torpedo tube...