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. LinkedInShareTweet+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...

Northrop Awarded $3.6B to Build 25 Navy Hawkeye Aircraft

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Northrop Grumman Corp. (NYSE: NOC) has been awarded a $3.6 billion multiyear contract to build a new batch of Hawkeye aircraft for the U.S. Navy. Northrop will work to build 25 new E-2D Advanced Hawkeyes and incorporate a rotating rotodome and four vertical stabilizer tail configuration into the aircraft for surveillance operations, Northrop said Monday. Navy Capt. John Lemmon, program manager of...

State Dept OKs $251M F-16 Raytheon Equipment, F-16 Training Deal for Singapore

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The State Department has approved Singapore’s planned $251 million acquisition of Raytheon (NYSE: RTN)-built defense equipment, F-16 pilot training services and logistics support from the U.S. through the foreign military sales program. The Defense Security Cooperation Agency, which notified Congress on the potential sale last week, said Thursday that the deal would support Singapore’s PEACE...

Scott Turner Joins IntelliDyne as Healthcare IT Business Development Senior Director

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Scott Turner, a 27-year veteran in government business development and electronic engineering, has joined IntelliDyne LLC as senior director of healthcare information technology business development. He will work to capture healthcare IT business opportunities within Defense Department and civilian agency markets, IntelliDyne said Friday. Turner most recently served as vice president of business development...

Raytheon to Upgrade Navy’s Phalanx Weapon Systems

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Raytheon Co. (NYSE: RTN) has been awarded a $115.5 million contract to upgrade the U.S. Navy’s Phalanx close-in weapon systems. The company will work to remanufacture and modernize the computer-controlled radar and 20-mm gun system, Raytheon said Wednesday. Work is scheduled to complete in September 2017 under the contract that was booked for the second quarter of 2014. Phalanx works to detect and...

Paul Ferraro: Raytheon, Navy Researchers Partner for Air Surveillance Tech Program

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Raytheon (NYSE: RTN)  will collaborate with the U.S. Navy‘s Office of Naval Research to build and demonstrate a radar system for maritime defense, air traffic management and weather monitoring under a $6 million contract. The team will design the enterprise air surveillance radar to work on multiple ship classes and to incorporate a Raytheon-made radar module used in air and missile defense...

Raytheon Wins $298M to Build Air Force FAB-T Satellite Terminals

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Raytheon has won a $298 million contract modification to produce the U.S. Air Force‘s Family of Advanced Beyond Line of Sight Terminals Command Post Terminals system. The deal provides options for low-rate initial production, full-rate production and interim contractor support, the company said Monday. FAB-T terminals are intended to help support a presidential conference system for communications...