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Tag Archives: rtn

Reginald Brothers, Heidi Shyu, Camille Nichols join CTC board; Ed Sheehan comments

Former government and military leaders Reginald Brothers, Heidi Shyu and Camille Nichols have been elected to the board of directors of Concurrent Technologies Corp. Ed Sheehan, CTC president and CEO and vice chairman of the board, said in a statement published Monday he expects the three new board members to offer guidance …

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Poland Inks Deal to Buy Raytheon Patriot Missile System From US Govt

Poland has signed an agreement to purchase the Raytheon-built Patriot integrated air-and-missile defense platform from the U.S. government. Pete Bata, vice president of Polish air and missile defense at Raytheon, said in a statement published Wednesday the letter of offer and acceptance will pave the way for the company to …

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Raytheon to Kick Off Work on $600M Army Software Sustainment Contract; Todd Probert Comments

Raytheon (NYSE: RTN) will now commence work on a potential three-year, $600 million contract to provide software sustainment and upgrade support for the U.S. Army’s missile defense systems following the withdrawal of a bid protest in February. The company said Monday it received the contract in June 2017 and will start …

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Report: Poland Inks Offset Deals With Lockheed, Raytheon for Patriot Missile System

Poland has signed potential 10-year offset agreements with Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) related to the European country’s planned procurement of the Patriot missile system, The Times of Israel reported Friday. “The offset agreements for the Wisla program are signed… This is the final step before signing …

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State Dept OKs $1.08B in TOW 2B Missile, Maintenance Requests From Saudi Arabia

The State Department has approved Saudi Arabia’s request to buy TOW 2B missiles, repair parts and spares for combat vehicles and maintenance support services for its fleet of helicopters under three foreign military sales agreements worth approximately $1.08 billion combined. Saudi Arabia requested to procure Raytheon-built (NYSE: RTN) TOW 2B missiles …

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Raytheon Wins $511M IDIQ to Help Air Force Manage ‘Cobra Dane’ Radar System

Raytheon (NYSE: RTN) has won a potential $511 million contract to help the U.S. Air Force maintain, operate and sustain the military branch’s Cobra Dane radar system. The company’s intelligence, information and services business will perform work under the indefinite-delivery/indefinite-quantity contract at Eareckson Air Station in Alaska through March 2025, the Defense Department said Friday. Cobra …

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Honeywell Vet Adriane Brown Joins Raytheon Board

Adriane Brown, formerly president and chief operating officer of Intellectual Ventures, has been elected to the board of directors of Raytheon (NYSE: RTN). Thomas Kennedy, Raytheon chairman and CEO and a 2018 Wash100 recipient, said in a statement published Tuesday Brown’s insights and international experience across various industries would advance …

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State Dept OKs $270M in Raytheon-Built Sidewinder Missile Sale to UAE

The State Department has given the United Arab Emirates the green light to buy Raytheon-built (NYSE: RTN) AIM-9X-2 Sidewinder Block II missiles, related components and services from the U.S. government under a potential $270.4 million foreign military sales agreement. Raytheon’s missile systems business will be the prime contractor in the proposed sale that seeks to …

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Lynn Dugle Named Engility Board Chairman

Lynn Dugle, president and CEO of Engility (NYSE: EGL), has been elected chairman of the Chantilly, Virginia-based government technology services contractor’s board of directors. She will remain president and CEO and succeed co-chairs Peter Marino and David Savner, who will both continue to serve as board members, Engility said Thursday. “Lynn’s …

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State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

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