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Tag Archives: rtn

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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Raytheon Secures Potential $466M Navy Contract for Standard Missile Engineering, Technical Services

Raytheon‘s (NYSE: RTN) missile systems business has secured a potential $466.1 million from the U.S. Navy to engineer and provide technical support for Standard Missiles 2, 3 and 6. The Defense Department said Monday the contract covers research and development, design, systems and production engineering, evaluation, component development and production proofing services for the …

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Raytheon Awarded $200M to Produce Additional Sidewinder Missiles for US, Intl Clients

Raytheon (NYSE: RTN) has landed a three-year, $199.8 million contract modification from the U.S. Navy for the full-rate production of lot 17 AIM-9X Sidewinder tactical missiles. The Defense Department said Friday the company will also produce AIM-9X Block II captive air training missiles, all-up-round containers, spare advanced optical target detectors, captive air training missile guidance …

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Raytheon Vet Scott Whatmough Joins Engility as Defense Group SVP

Scott Whatmough, a 30-year veteran of Raytheon (NYSE: RTN), has been named senior vice president of the defense group at Engility (NYSE: EGL). Engility said Monday Whatmough will lead the group that offers technical and engineering support services to the Defense Department in his new position. “Scott is a highly-respected and accomplished leader with strong relationships in the Pentagon and the …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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Raytheon to Build Qatar’s Early Warning Radar System Under $1.1B USAF Foreign Sales Deal

Raytheon (NYSE: RTN) has received a potential $1.07 billion contract to build an early warning radar system for integration into Qatar’s air and missile defense enterprise. The Air Force Life Cycle Management Center in Massachusetts awarded the sole-source contract to Raytheon as part of a foreign military sales deal between the U.S. …

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Ed Hammersla Succeeds Scott DePasquale as Utilidata CEO

Ed Hammersla, former chief strategy officer of Forcepoint and president of the cybersecurity venture’s federal division, has joined software developer Utilidata as CEO. He succeeds former CEO Scott DePasquale, who will begin a national security project in Washington, D.C. as he continues his role as chairman of Utilidata’s board of directors, the company said Tuesday. “Ed brings vast …

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February 21 Market Close: GovCon Index Hits 5th Straight Record Close, Wal-Mart Sales Beat Lifts US Stocks

Executive Mosaic’s GovCon Index climbed to a record close for a fifth straight session Monday with Boeing (NYSE: BA) the main contributor along with mid-tier aerospace gains as U.S. stocks also pushed to new all-time highs after Wal-Mart reported quarterly sales above Wall Street’s forecasts. GovCon Index advancers outnumbered decliners by a 9-to-1 …

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February 21 Morning Report: GovCon Index Posts 5th Straight Record Close

Executive Mosaic’s GovCon Index ended the week with a five-day advance of 2.72 percent and extended its current stretch of positive movement to three trading weeks. Huntington Ingalls Industries (NYSE: HII) was the top net performer among S&P 500 companies in the GCI while Boeing (NYSE: BA) was one of the best gainers listed in both indices. Stocks of Boeing, HII, …

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