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Tag Archives: rtn

State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to …

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State Dept OKs $133M SM-3 Block IIA Missile Sale to Japan

The State Department has cleared Japan’s request to buy Standard Missile-3 Block IIA, related equipment and services from the U.S. government under a potential $133.3 million foreign military sales agreement. Raytheon’s (NYSE: RTN) missile systems business and BAE Systems’ U.S. arm will serve as principal contractors for the proposed deal …

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Raytheon Gets $333M Air Force FMS Contract for Follow-On Surveillance Radar Sustainment

Raytheon (NYSE: RTN) has received a potential $333.4 million foreign military sales contract from the U.S. Air Force to continue to provide operations and maintenance support services for a surveillance program. The Defense Department said Friday the follow-on sustainment package will include contractor logistics support, engineering and technical updates meant …

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Raytheon Vet David Ray to Join FLIR as Govt & Defense Business Unit President

David Ray, a 15-year Raytheon (NYSE: RTN) veteran, will join FLIR Systems (Nasdaq: FLIR) to serve as president of the government and defense business unit starting Jan. 8. He will directly report to Jim Cannon, president and CEO of FLIR, and oversee the business unit’s research and development ,strategy, marketing …

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Andrew Ivers Named L3 Corporate SVP, Comms System Business President

Andrew Ivers, president of broadband communications sector and communication systems-west division at L3 Technologies (NYSE: LLL), will assume the roles of corporate senior vice president and president of communication systems business segment at the New York-based aerospace and defense contractor starting Jan. 1. The company said Wednesday Ivers will directly report …

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State Dept OKs Poland’s Requests for $500M in Mobile Rocket Launcher, Air-to-Air Missiles

The State Department has cleared Poland’s request to buy a High Mobility Artillery Rocket System and AIM-120C-7 Advanced Medium-Range Air-to-Air Missiles from the U.S. government under two foreign military sales agreements worth approximately $500 million combined. Poland asked to purchase Guided Multiple Launch Rocket System M31A1 Unitary, GMLRS M30A1 alternative warheads, Army …

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Report: Saudi Arabia to Buy $7B in Precision-Guided Munitions From Raytheon, Boeing

Saudi Arabia will purchase precision-guided munitions from Boeing (NYSE: BA) and Raytheon (NYSE: RTN) under an agreement worth approximately $7 billion, Reuters reported Thursday. Sources told Reuters the proposed deal was part of a potential $110 billion package of weapons sales agreements that President Donald Trump and Saudi King Salman …

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State Dept OKs $10.5B IBCS-Enabled Patriot Missile System Sale to Poland

The State Department has given Poland the green light to buy the third configuration of the Patriot missile system equipped with the Integrated Air and Missile Defense Battle Command System and related equipment from the U.S. government under a potential $10.5 billion foreign military sales agreement. Raytheon (NYSE: RTN), Lockheed Martin (NYSE: …

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Report: UAE to Buy $684M in Raytheon-Built Laser Guided Bombs

The United Arab Emirates will purchase laser guided bombs from Raytheon (NYSE: RTN) under a $684.4 million deal, Reuters reported Tuesday. The agreement announced at the Dubai Airshow Tuesday includes Raytheon-built GBU-10 and GBU-12 Paveway bomb kits. The deal came days after UAE awarded Lockheed Martin (NYSE: LMT) a potential …

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Sweden Plans $1B Raytheon Missile Defense System Procurement

Sweden plans to begin formal negotiations with the U.S. government to procure a Raytheon-built (NYSE: RTN) missile defense system for an estimated $1.2 billion, Reuters reported Wednesday. The Swedish defense materiel administration on Tuesday received government approval to send a letter of request on the Patriot weapon procurement to the U.S. Patriot consists …

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