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Raytheon to Update Navy Aircraft Sensors Under Potential $88M IDIQ

Raytheon (NYSE: RTN) has received a potential five-year, $88.4M contract to update the sensors of the U.S. Navy’s F/A-18 fighter jets and EA-18G electronic attack planes. The company will incorporate tactical features into the aircraft sensor system and investigate hardware and software anomalies under the cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract, the Department of …

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Raytheon to Support Army Multimode Airborne Radios Under $406M Contract

Raytheon (NYSE: RTN) has secured a four-year, $406.3M contract to provide hardware components and support services for a radio system used to facilitate communications on U.S. Army aviation platforms. Work covers repair, logistical, engineering and technical support for the Army’s AN/ARC-231 Multiple-Mode Aviation Radio Suite, the Department of Defense said Thursday. The …

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McAleese & Associates: Raytheon Recorded $42.4B in 2018 Total Backlog

A new report by consulting firm McAleese & Associates says Raytheon (NYSE: RTN) saw its 2018 bookings jump 16 percent to $32.2B, which resulted in a book-to-bill ratio of 1.2. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that Raytheon posted a total backlog of …

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Raytheon Eyes Hypersonic Defense Capability Expansion Under Missile Systems Unit

TYSONS CORNER, VA, February 5, 2019 — Raytheon (NYSE: RTN) is exploring opportunities to expand its hypersonic defense portfolio within its missile systems business through the development of new sensor and vehicle systems, ExecutiveBiz reported Monday. USNI News reported Friday CEO Tom Kennedy indicated during a recent earnings call that the …

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Raytheon to Help Northrop Secure, Sustain USAF Global Hawk Fleet; Todd Probert Quoted

TYSONS CORNER, VA, January 31, 2018 — A Raytheon (NYSE: RTN) business unit will support Northrop Grumman (NYSE: NOC) under a $65M subcontract to sustain an unmanned aircraft system that the latter built for the U.S. Air Force, ExecutiveBiz reported Jan. 24. As a subcontractor, Raytheon’s intelligence, information and services business will …

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Raytheon Lands Potential $99M Navy Contract for Dual-Band Radar Engineering Services

Raytheon‘s (NYSE: RTN) integrated defense systems business has received a potential $98.8M contract to help the U.S. Navy engineer a radar system designed to operate over two frequency ranges simultaneously. Services will encompass system updates, engineering change proposals, product support, test, installation and integration, program management, analyses and studies for the …

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Lockheed Partners With Raytheon on Payload Dev’t for New USAF Missile-Warning System

TYSONS CORNER, VA, January 11, 2018 — Lockheed Martin (NYSE: LMT) has named Raytheon (NYSE: RTN) a partner in its effort to develop a missile-detection platform for the U.S. Air Force that would succeed the current Space Based Infrared System satellites, ExecutiveBiz reported Thursday. Raytheon said Wednesday it will help design …

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Raytheon’s Todd Probert: Commercial-Style Software Dev’t to Drive DoD Weapons Acquisition

TYSONS CORNER, VA, January 9, 2018 — Todd Probert, vice president of mission support and modernization at Raytheon (NYSE: RTN), has said commercial software development could be a key focus of the Department of Defense in 2019 as it works to accelerate weapons systems procurement, ExecutiveBiz reported Thursday. “Focusing on commercial-style …

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Raytheon Hires Former Cobham Exec Scott Weiner as Corporate Dev’t VP

Scott Weiner, a more than 10-year Cobham veteran, has named vice president of corporate development at Raytheon (NYSE: RTN). Raytheon said Monday Weiner will oversee acquisitions, joint ventures, minority investments and divestitures across the company’s domestic and international businesses. He will report to Chief Financial Officer Toby O’Brien. Prior to his appointment, Weiner held similar …

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Raytheon Secures $205M Contract to Support Army Land-Based Phalanx Weapon System

Raytheon (NYSE: RTN) has received a potential five-year, $205.2M contract to support a weapon system designed to help the U.S. Army identify and counter incoming rounds on land. The cost-plus-fixed-fee contract covers work on the Phalanx radar-guided gun through Dec. 27, 2023, the Department of Defense said Friday. Phalanx is a key component of the Army’s …

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