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Tag Archives: rtn

September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

GovConIndexDOWN

Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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U.S., India Near Joint Production Deal for Javelin Missile Tech

Javelin

TYSONS CORNER, VA, Sept. 23, 2016 — The U.S. and India are close to reaching a deal to jointly manufacture the Javelin anti-tank guided missile technology, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Javelin Joint Ventures, a Lockheed Martin (NYSE: LMT)-Raytheon (NYSE: RTN) joint venture, and Tata Group‘s Tata Power Strategic Engineering Division have signed a letter of …

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Kurt Amend Named Raytheon Saudi Arabia Operations President; Thomas Vecchiolla Comments

Raytheon logo

TYSONS CORNER, VA, Sept. 23, 2016 — Kurt Amend, who joined Raytheon (NYSE: RTN) in 2011, has been appointed to succeed the retiring Lou Laroche as president of the company’s operations in  Saudi Arabia, GovConExecutive reported Thursday. Amend previously served as vice president of foreign policy and national security affairs within Raytheon’s international business …

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Raytheon Receives $63M AESA Radar Tech Order for Navy Super Hornet, Growler Jets

Raytheon logo

Raytheon (NYSE: RTN) has received a $63 million order to produce and deliver 18 AN/APG-79 active electronically scanned array radars for the U.S. Navy ‘s F/A-18E/F Super Hornet and EA-18G Growler jets. The Defense Department said Thursday that Raytheon will also supply two AN/APG-79 AESA radars to support AESA configuration D upgrade tests and one AN/APG-79 radar to Australia under a foreign military …

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BAE-Led Team to Compete for Australia Radar Network Modernization Contract

partnership

TYSONS CORNER, VA, Sept. 7, 2016 —  BAE Systems will form a team with Raytheon (NYSE: RTN), Daronmont Technologies and RCR Resolve FM to compete for a potential $765 million contract to modernize the radar network that supports the Australian army’s aerial and maritime surveillance efforts, ExecutiveBiz said Tuesday. BAE Systems Australia’s Chief Executive …

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Poland to Acquire Raytheon’s Patriot Integrated Air & Missile Defense System

PatriotMissile

Poland has issued a formal request to the U.S. government to acquire Raytheon‘s (NYSE: RTN) Patriot integrated air and missile defense system for an undisclosed amount. Raytheon said Tuesday it will collaborate with Poland’s government and industry to help complete offset and industrial participation plans as part of the foreign military sales process. “Poland’s formal request …

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Lockheed-Raytheon JV, Tata Power Partner to Develop Anti-Armor Missile System

Javelin

TYSONS CORNER, VA, Sept. 1, 2016 — A Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) joint venture has signed a letter of intent with Tata Power to jointly develop and produce Javelin anti-tank guided missile systems, ExecutiveBiz said Wednesday. Raytheon said Wednesday its Javelin Joint Venture will partner with Tata Power’s strategic engineering division to develop …

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August 30 Market Close: GovCon Index Drops, Lockheed & Primes Lead Losses on Low Volume Day

GovConIndexDOWN

Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losses …

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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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