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Raytheon Eyes Defense Tech Development, Capability Building in Saudi Arabia

TYSONS CORNER, VA, May 23, 2017 — Raytheon (NYSE: RTN) has entered into a partnership with state-owned Saudi Arabia Military Industries Company to pursue joint defense and technology development projects in areas such as smart munitions and defense systems cybersecurity, ExecutiveBiz reported Monday. The U.S. defense contractor said Saturday it will also …

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Raytheon Awarded Potential $300M Navy Contract to Develop LCS Sonar Tech

Raytheon (NYSE: RTN) has secured a potential $300 million contract to design and build an anti-submarine technology for U.S. Navy personnel to locate and track enemy submarines from littoral combat ships. The Navy awarded the contract following the completion of a study and production assessment of Raytheon’s Variable Depth Sonar system, the company said Tuesday. …

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Raytheon to Supply 3D Long-Range Radar Units to Air Force Under $53M Deal

TYSONS CORNER, VA, May 15, 2017 — Raytheon (NYSE: RTN) will work to design, develop and manufacture three units of the Three-Dimensional Expeditionary Long-Range Radar system for the U.S. Air Force under a potential $52.7 million contract, ExecutiveBiz reported Friday. The Defense Department said Thursday the company will perform work covered in the fixed-price-incentive …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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Raytheon to Use Unisys Tech in Patriot Weapon System Performance Push

TYSONS CORNER, VA, May 9, 2017 — Raytheon (NYSE: RTN) will utilize Unisys‘ (NYSE: UIS) ClearPath Forward enterprise computing technology in efforts to build on the performance of the Patriot air and missile defense system, ExecutiveBiz reported Monday. Unisys said Monday Raytheon selected the updated platform to help develop software that will work to …

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IBM, Raytheon BBN Study Quantum Computing Advantage

TYSONS CORNER, VA, May 5, 2017 — IBM (NYSE: IBM) and Raytheon‘s (NYSE: RTN) BBN Technologies subsidiary have collaborated to verify the difference in performance between a standard computer and quantum computer, ExecutiveBiz reported Thursday. Their joint study published in the Nature Quantum Information journal focused on the “quantum advantage in …

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Raytheon Execs Tom Vecchiolla, Caroline Cooper Talk Business Opportunities in Romania

TYSONS CORNER, VA, May 2, 2017 — Raytheon (NYSE: RTN) is looking into potential long-term business opportunities in Romania beyond the possible sale of company-built missiles for the country’s Deveselu ballistic missile defense platform, ExecutiveBiz reported Monday. ACTMedia reported Friday that Tom Vecchiolla, president of Raytheon International, revealed the plan to Mihai Tudose, Romania’s …

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Raytheon to Continue Air, Missile Defense Radar Production Under $327M Navy Contract Modification

The U.S. Navy has awarded Raytheon (NYSE: RTN) a $327.1 million modification to exercise options under a previously awarded contract for low-rate initial production of air and missile defense radars. Raytheon will also provide non-recurring engineering support services for the first three air and missile defense radars under the modification, the Defense Department said …

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Raytheon SM-6 Missile Completes 4 Navy Flight Tests to Prep for FOC

TYSONS CORNER, VA, May 1, 2017 — Raytheon‘s (NYSE: RTN) Standard Missile-6 weapon system has undergone a series of flight tests with the U.S. Navy in efforts to establish sea worthiness and achieve full operational capability, ExecutiveBiz reported Friday. The company said Thursday the Navy fired four SM-6 missiles against shore-launched, sub- or supersonic targets during …

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Raytheon Awarded $87M to Help UAE Field, Operate Patriot Air Defense System

The U.S. Army has awarded Raytheon (NYSE: RTN) an $87.3 million modification under a foreign military sales contract to advise and assist the United Arab Emirates on the deployment and operation of the company-built Patriot air defense system. Raytheon will also provide advisory and assistance services for planning, training,  maintenance and sustainment efforts related to UAE’s Patriot …

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