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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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Raytheon to Update Air Operations Center Baseline Software Under $375M USAF Contract; Dave Wajsgras Comments

Raytheon (NYSE: RTN) has received a potential six-year, $375 million contract from the Air Force Materiel Command to upgrade the baseline software for the Air and Space Operations Center Weapon System. The AOC WS platform works to help the service branch perform aircraft command-and-control operations at 22 sites worldwide, Raytheon …

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Raytheon Expands NM Missile Parts Production & Storage Facility With New Warehouse

TYSONS CORNER, VA, April 26, 2017 — Raytheon (NYSE: RTN) has unveiled a new 30,000-square-foot, $5 million warehouse near Farmington, New Mexico, that serves to expand an existing 95,000-square-foot production and storage facility in Dine, ExecutiveBiz reported Tuesday. The company said Monday the overall facility houses missile parts in support of …

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Raytheon to Support Navy Zumwalt-Class Destroyer Program Under Potential $490M Award

Raytheon (NYSE: RTN) has secured a potential four-year, $490.2 million contract from the U.S. Navy to provide ship activation and engineering services for the service branch’s Zumwalt-class destroyer program. The Defense Department said Monday that Raytheon’s integrated defense systems business will activate, integrate, produce and test mission systems and equipment of Zumwalt-class ships. …

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Raytheon GPS OCX Launch & Checkout System Proceeds to Tests at Shriever AFB; Dave Wajsgras Comments

TYSONS CORNER, VA, April 24, 2017 — Raytheon (NYSE: RTN) has transferred the launch and checkout platform of the U.S. Air Force’s GPS Next-Generation Operational Control System to Schriever Air Force Base for site-specific acceptance and qualification tests, ExecutiveBiz reported Thursday. The company said Wednesday previous tests on the GPS OCX launch and …

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Navy Awards Raytheon $79M Sidewinder Block II Sustainment Contract Modification

Raytheon‘s (NYSE: RTN) missile systems business has received a $78.7 million contract modification to provide sustainment and support services for AIM-9X Sidewinder Block II missiles of the U.S. Navy and the U.S. Air Force as well as 20 government clients under the Foreign Military Sales program. The Defense Department said Friday the modification covers repair, depot management, software …

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