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Tag Archives: Raytheon

Raytheon Hits Operational Hardware Milestone on Next-Gen GPS Ground System

Raytheon logo

TYSONS CORNER, VA July 31, 2015 — Raytheon (NYSE: RTN) has installed the primary operational hardware for the Global Positioning System’s new ground command and control system at Shriever Air Force Base in Colorado, ExecutiveBiz reported Thursday. The defense contractor said the milestone moves GPS OCX, short for GPS Next Generation Operational ...

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Wesley Kremer Named Raytheon’s Integrated Defense Systems President; Thomas Kennedy Comments

Wesley Kremer

Wesley D. Kremer, formerly vice president of the air and missile defense systems portfolio at Raytheon (NYSE: RTN) Missile Systems, has been appointed to succeed Daniel J. Crowley as president of the firm’s integrated defense systems business. The company said Thursday Crowley will focus on the completion of an assignment ...

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State Dept. Approves $5.4B Saudi PAC-3 Missiles Sale

PatriotMissile

Saudi Arabia has placed an order for Patriot Advanced Capability-3 missiles, equipment and associated services by Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) through a $5.4 billion foreign military sales deal with the U.S. government. The State Department cleared the possible sale of 600 PAC-3s plus test missiles, telemetry ...

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July 29 Market Close: GovCon Index Extends Climb, US Stocks Move Up After Fed Reports Economic Improvement

GovConIndexUP

The GovCon Index gained at least a full point for the second consecutive trading session Wednesday with a gain of 1.949 percent — or 1.464 points — to close at 76.592. General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) both posted second quarter results that beat Wall Street expectations, Bloomberg reported. ...

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Four Firms Land $900M Special Operations Command Mission Support IDIQ

Contract

The U.S. Special Operations Command has awarded four companies a five-year, $900 million contract to perform mission support services. Booz Allen Hamilton (NYSE: BAH), CACI-WGI, Raytheon (NYSE: RTN) and MacAulay-Brown will perform work in various locations in the U.S. and abroad under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Tuesday. ...

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July 27 Market Close: GovCon Index, US Stocks Dip After China Market Losses

GovConIndexDOWN

The GovCon Index fell into negative territory for the fifth consecutive trading session Monday with a loss of 0.681 points to close at 74.202. Data that showed industrial profits declined in China during June sent that country’s stock markets to losses for that country’s Monday session and U.S. stocks responded in turn ...

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Northrop Appoints Bruce Walker VP for Homeland Security, Civil, Regulatory & Intl Affairs

Bruce Walker

Bruce Walker, an information technology executive who has worked on Northrop Grumman‘s (NYSE: NOC) homeland security programs, will assume the role of vice president for homeland security, civil, regulatory and international affairs. The company said Friday Walker will report to Sid Ashworth, corporate vice president for government relations. “Bruce will be responsible ...

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Navy Awards Raytheon $180M for Joint Standoff Missile Production

Raytheon logo

Raytheon (NYSE: RTN) has been awarded a $180.4 million contract to build Unitary Joint Standoff Weapon missiles and related equipment and support services for the U.S. Navy and the Saudi Arabian military. The contract covers full-rate production of 200 AGM-154C-1 JSOWs for the U.S. and another 355 AGM-154 Block III ...

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Former Engility Exec Joseph Leonelli Joins Nonprofit ATCC as Federal Solutions VP

Joseph Leonelli

Joseph Leonelli, formerly vice president for national security systems and solutions at Engility (NYSE: EGL), has joined the nonprofit bioresource center ATCC as vice president for federal solutions. Leonelli will be in charge of the growth and management of ATCC’s federal solutions organization as it works to address global health security, ...

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July 23 Market Close: GovCon Index Follows Blue Chips to Close Down

GovConIndexDOWN

The GovCon Index closed down for the third consecutive day losing 0.146 points to 75.915. Caterpillar (NYSE:CAT), 3M (NYSE :MMM), and American Express (NYSE:AXP) all turned in disappointing results dropping more than 2.5% on the day. A sluggish international market and strong U.S. dollar have impacted global operations for multinational companies. The Dow Jones ...

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