Raytheon, which recorded over $23 billion in revenue for 2008, announced recently that it has settled on terms to purchase BBN Technologies, a R & D company involved in the development of the internet. Raytheon is looking to build its capacity as a leading player in technology services to the government, to better compete with large integrators like Northrop Grumman and Booz Allen Hamiliton.
Raytheon Technologies (NYSE: RTX) has secured a potential five-year, $440.6 million contract to provide design agent engineering services for the U.S. Navy’s multimission air defense radar system capable of operating within both S-band and X-band frequencies. The firm-fixed-price contract covers engineering efforts and supplies for the dual-band radar installed aboard the USS Gerald R. Ford
Biggs Porter, executive vice president and chief financial officer of Maxar Technologies (NYSE: MAXR), will retire in 2023 and hold a consulting role after his retirement until March 2024 to help with the transition. Maxar said Thursday it has begun its search for Porter’s successor in the CFO role. Dan Jablonsky, president and CEO of
A Raytheon Technologies (NYSE: RTN) and Lockheed Martin (NYSE: LMT) joint venture will manufacture man-portable, anti-tank guided munitions for the U.S. Army as part of a $311.2 million contract modification. The full-rate Javelin production award includes foreign military sales to Jordan and Lithuania, the Department of Defense said Tuesday. Contract work will take place in