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John DeSimone: Raytheon Pursues Investments, Partnerships to Build Cyber Capabilities

TYSONS CORNER, VA, June 11, 2019 — John DeSimone, vice president of cybersecurity and special missions at Raytheon (NYSE: RTN), said the company is exploring internal investments and external partnerships to develop its data resiliency capabilities as part of a cyber-as-a-service offering. DeSimone told ExecutiveBiz in an interview published Wednesday …

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Greg Hayes: UTC, Raytheon Want ‘Platform Agnostic’ Tech Portfolio for Future Combined Firm

Greg Hayes, chairman and CEO of United Technologies Corp. (NYSE: UTC), has said that both UTC and Raytheon (NYSE: RTN) agreed on implementing a "platform agnostic" approach for technology offerings of the future merged company. The two contractors signed an all-stock deal that will create a systems provider across aerospace and defense segments.

 

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Raytheon, UTC Announce All-Stock Merger; Thomas Kennedy, Greg Hayes Quoted

Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, which is expected in the first half of 2020, the firms said in a joint statement published Sunday.

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Raytheon Subsidiary to Update Marine Corps Aviation C2 Software Under $93M IDIQ

A subsidiary of Raytheon (NYSE: RTN) has received a potential five-year, $92.8M contract to help the U.S. Marine Corps update and maintain software applications running on a common aviation command-and-control system. Raytheon Solipsys will help address licensing and life cycle requirements for the sustainment of Multi Source Correlator Tracker and Tactical …

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Navy Awards Raytheon $235M Aircraft Landing System Production Contract

Raytheon (NYSE: RTN) has received a four-year, $234.6M contract to begin the low-rate initial production of GPS-equipped systems designed to guide military aircraft onto carriers or amphibious assault ships. The company will manufacture 23 Joint Precision Approach and Landing Systems along with three upgrade kits, associated data and engineering change …

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Raytheon Awarded $151M IDIQ to Sustain AIM-9X Sidewinder Missiles for US, Int’l Clients

Raytheon (NYSE: RTN) has secured a potential three-year, $151.4M contract to sustain AIM-9X Sidewinder missiles for the U.S. Navy and U.S. Air Force as well as 20 international countries. The company will perform repairs and integrated logistics support for the Block II and II+ versions of the multimission missile system …

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Raytheon Intros Common Ground Control Tech for Navy’s Unmanned Systems; Bob Busey Quoted

TYSONS CORNER, VA, May 20, 2019 — Raytheon (NYSE: RTN) has utilized open architecture and the Unmanned Aircraft System Control Segment standard to develop a technology that the U.S. Navy can use to operate several unmanned platforms even with the limited space for ground control stations on naval ships, ExecutiveBiz …

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Raytheon Gets $101M Modification on Army TOW Guided Missile Contract

Raytheon (NYSE: RTN) will provide additional tube-launched, optically-tracked wireless guided missile systems to the U.S. Army under a three-year, $101.3M contract modification. The service branch used fiscal 2017 other procurement funds to cover the full obligated amount at the time of award, the Department of Defense said Friday. Work under …

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Raytheon to Design Navy Sensor Netting System Under Potential $279M Contract

Raytheon (NYSE: RTN) has won a potential five-year, $279.3M contract to design a sensor network with fire-control technology under the U.S. Navy’s Cooperative Engagement Capability program. CEC will be designed to help the military service coordinate measurement data from sensors during strike force air search missions and facilitate battle force …

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