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Tag Archives: Raytheon

May 18 Market Close: Minor Positive Changes With GovCon Index and Market Indices

The Executive Mosaic GovCon Index moved downward contrary to major market indices. Decliners outpaced advancers 18 to 12. The major markets showed minor movement upward after recovering from significant drop yesterday. At market close WTI followed the markets to close up 0.39 percent to $49.26 as the Algerian Energy Minister indicated that …

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GA-ASI’s Chris Pehrson Named to Advisory Council of New CNAS Defense Project

TYSONS CORNER, VA, May 17, 2017 — Chris Pehrson, vice president of strategic development at General Atomics’ aeronautical systems business, has been named to the advisory council for the Center for a New American Security’s Evolving the Future Force project, ExecutiveBiz reported Tuesday. CNAS said Monday the new initiative is part of its Defense …

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Raytheon to Supply 3D Long-Range Radar Units to Air Force Under $53M Deal

TYSONS CORNER, VA, May 15, 2017 — Raytheon (NYSE: RTN) will work to design, develop and manufacture three units of the Three-Dimensional Expeditionary Long-Range Radar system for the U.S. Air Force under a potential $52.7 million contract, ExecutiveBiz reported Friday. The Defense Department said Thursday the company will perform work covered in the fixed-price-incentive …

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GovCon Wire’s Weekly Roundup: Blockchain’s Impact on Industry & More

Weekly Roundup May 8 – May 12 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson It’s been nearly a decade since Satoshi Nakamoto first dreamt up the core component of the technology known as blockchain – the decentralized, digital currency Bitcoin has evolved …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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Raytheon to Use Unisys Tech in Patriot Weapon System Performance Push

TYSONS CORNER, VA, May 9, 2017 — Raytheon (NYSE: RTN) will utilize Unisys‘ (NYSE: UIS) ClearPath Forward enterprise computing technology in efforts to build on the performance of the Patriot air and missile defense system, ExecutiveBiz reported Monday. Unisys said Monday Raytheon selected the updated platform to help develop software that will work to …

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IBM, Raytheon BBN Study Quantum Computing Advantage

TYSONS CORNER, VA, May 5, 2017 — IBM (NYSE: IBM) and Raytheon‘s (NYSE: RTN) BBN Technologies subsidiary have collaborated to verify the difference in performance between a standard computer and quantum computer, ExecutiveBiz reported Thursday. Their joint study published in the Nature Quantum Information journal focused on the “quantum advantage in …

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May 3 Market Close: GovCon Index Down as Markets Close Mixed on Unchanged Fed Rate

The Executive Mosaic GovCon Index closed down 0.306 percent to 92.383 as decliners outpaced advancers 2 to 1. Major markets closed mixed as the Federal Reserve left interest rates unchanged and the U.S. economy is showing weakness At market close WTI was down $0.43 compared to the market open of $48.12 per …

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May 2 Market Close: GovCon Index Up as Major Markets Close to Record Highs

The Executive Mosaic GovCon Index closed up 0.319 percent to 92.667 as the large platform companies lead the way. Advancers outpacing decliners 2 to 1. On an active day of earnings reports the S&P500 and DJIA flirted with reaching 52 week highs as the NASDAQ set another record. At market close WTI …

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Raytheon Execs Tom Vecchiolla, Caroline Cooper Talk Business Opportunities in Romania

TYSONS CORNER, VA, May 2, 2017 — Raytheon (NYSE: RTN) is looking into potential long-term business opportunities in Romania beyond the possible sale of company-built missiles for the country’s Deveselu ballistic missile defense platform, ExecutiveBiz reported Monday. ACTMedia reported Friday that Tom Vecchiolla, president of Raytheon International, revealed the plan to Mihai Tudose, Romania’s …

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