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Tag Archives: rtn

Raytheon Secures $1B Contract to Help Build DHS Cyber Protection System; Dave Wajsgras Comments

Raytheon (NYSE: RTN) has landed a five-year, $1 billion contract to help develop the Department of Homeland Security‘s next-generation National Cybersecurity Protection System. The company said Monday the Development, Operations and Maintenance contract covers intrusion detection and prevention, automation, analytics and information sharing. Dave Wajsgras, president of Raytheon’s intelligence, information and services business, said …

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Raytheon Gets Potential $653M Navy Contract for Fiscal 2017 SM-2 Missile, Spares Production

The U.S. Navy has awarded Raytheon‘s (NYSE: RTN) missile systems business a potential $652.8 million contract to fund the full-rate production of Standard Missile-2 systems and spare parts for the service branch and its allied foreign navies in fiscal 2017. The Defense Department said Friday the contract will run through March 2022 and …

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David Dacquino Promoted to CEO at Serco’s Americas Arm

David Dacquino, senior vice president of defense business at Serco Group‘s Americas division, has been promoted to chief executive in a move that takes effect in mid-2017. The more than three-decade industry veteran will succeed Dan Allen, who announced in February his plans to retire after nearly four years as chairman and CEO of Serco Inc., the …

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Raytheon Gets Additional $83M Contract Funds for AIM-9X Block II Missile Production

Raytheon (NYSE: RTN) has received an $82.8 million contract modification to produce AIM-9X Block II missile systems for the U.S. Navy and the U.S. Air Force as well as the governments of Poland, Indonesia, Romania and Belgium. The modification was awarded by the Navy and covers the full-rate production of 180 lot 17 AIM-9X all-up-round missiles, 19 …

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Raytheon Awarded Potential $300M Navy Contract to Develop LCS Sonar Tech

Raytheon (NYSE: RTN) has secured a potential $300 million contract to design and build an anti-submarine technology for U.S. Navy personnel to locate and track enemy submarines from littoral combat ships. The Navy awarded the contract following the completion of a study and production assessment of Raytheon’s Variable Depth Sonar system, the company said Tuesday. …

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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 Continue Air, Missile Defense Radar Production Under $327M Navy Contract Modification

The U.S. Navy has awarded Raytheon (NYSE: RTN) a $327.1 million modification to exercise options under a previously awarded contract for low-rate initial production of air and missile defense radars. Raytheon will also provide non-recurring engineering support services for the first three air and missile defense radars under the modification, the Defense Department said …

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Raytheon Awarded $87M to Help UAE Field, Operate Patriot Air Defense System

The U.S. Army has awarded Raytheon (NYSE: RTN) an $87.3 million modification under a foreign military sales contract to advise and assist the United Arab Emirates on the deployment and operation of the company-built Patriot air defense system. Raytheon will also provide advisory and assistance services for planning, training,  maintenance and sustainment efforts related to UAE’s Patriot …

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Raytheon to Support Navy Zumwalt-Class Destroyer Program Under Potential $490M Award

Raytheon (NYSE: RTN) has secured a potential four-year, $490.2 million contract from the U.S. Navy to provide ship activation and engineering services for the service branch’s Zumwalt-class destroyer program. The Defense Department said Monday that Raytheon’s integrated defense systems business will activate, integrate, produce and test mission systems and equipment of Zumwalt-class ships. …

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Navy Awards Raytheon $79M Sidewinder Block II Sustainment Contract Modification

Raytheon‘s (NYSE: RTN) missile systems business has received a $78.7 million contract modification to provide sustainment and support services for AIM-9X Sidewinder Block II missiles of the U.S. Navy and the U.S. Air Force as well as 20 government clients under the Foreign Military Sales program. The Defense Department said Friday the modification covers repair, depot management, software …

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