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Raytheon Gets $129M Contract Modification for US, Intl Military Wireless-Guided Missiles

Raytheon (NYSE: RTN) has been awarded a two-year, $129.4 million contract modification to produce tube-launched, optically-tracked, wireless-guided missile systems for the U.S. Army and the U.S. Marine Corps. The Defense Department said Monday the company will also deliver TOW missiles to Morocco and Bahrain under the foreign military sales program. Raytheon will perform work …

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Raytheon Gets $288M Contract Modification to Update Navy’s Close-In Weapon System

The U.S. Navy has awarded Raytheon (NYSE: RTN) a $288 million contract modification to continue to provide conversion,  system overhaul and upgrade services as well as related hardware for MK 15 Close-In Weapon Systems. The military branch exercised options on a previously awarded contract and obligated $64.6 million at the time of …

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Dave Wajsgras: Raytheon Eyes Army Cyber Partnerships With New Augusta Facility

TYSONS CORNER, VA, Aug. 3, 2016 — Raytheon (NYSE: RTN) has established a new facility in Augusta, Georgia to provide information technology security services to the Army Cyber Command and other Defense Department components,  ExecutiveBiz reported Monday. The cyber center was built as part of the company’s push to extend its security offerings to the Fort …

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Raytheon Lands $524M SM-3 Block IB Missile Contract Option

The Missile Defense Agency has awarded Raytheon (NYSE: RTN) a $524 million contract option to produce, test and deliver up to 52 Standard Missile-3 Block IB weapon systems to MDA. It represents the first of three option years under a potential $2.3 billion contract modification announced on Dec. 18 last year, the Defense Department said …

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Raytheon to Support DISA Joint System Engineering & Integration Office

TYSONS CORNER, VA, July 29, 2016 — Raytheon (NYSE: RTN) will support the Defense Information Systems Agency‘s joint system engineering and integration office under a $40 million indefinite-delivery/indefinite-quantity contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the contract runs through July 2021 and covers work at DISA’s facility in Arlington, Virginia. …

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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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Raytheon Missile Defense Support Modification Increases Contract Value to $1B

Raytheon (NYSE: RTN) has received a $132.4 million modification from the Missile Defense Agency that raises the ceiling value of a previously awarded contract for Ballistic Missile Defense System support services to approximately $1.1 billion. The Defense Department said Tuesday that Raytheon’s integrated defense systems unit will continue to perform software maintenance, modeling and simulation, …

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Reuters: Raytheon Continues Work With USAF on GPS OCX Segment; Dave Wajsgras Comments

TYSONS CORNER, VA, July 15, 2016 — Dave Wajsgras, president of the intelligence, information and services business of Raytheon (NYSE: RTN), has said the Operational Control System program with the U.S. Air Force continues to move forward with support from the service branch, ExecutiveBiz reported Wednesday. Reuters reported Tuesday the company was “cautiously optimistic” …

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General Atomics to Equip Reaper Drone With Raytheon-Built Radar Detection System

TYSONS CORNER, VA, July 11, 2016 — Raytheon (NYSE: RTN) and General Atomics have partnered to integrate the former’s Advanced Radar Detection System with the latter’s Predator B/MQ-9 Reaper remotely piloted aircraft, ExecutiveBiz reported Friday. General Atomics said Thursday the integration of the radar detection technology to the Reaper works to support electronic intelligence …

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