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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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Raytheon Lands Army Logistics Contract Modification for Counter-RAM Ground Weapons

The U.S. Army has awarded Raytheon (NYSE: RTN) a $23.5 million contract modification to provide logistics support services for the military branch’s counter-rocket, artillery and mortar land-based weapons system. Raytheon’s missile systems unit will perform contract work in Tucson, Arizona and is scheduled to finish work July 11, 2018,  the Defense Department said …

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State Dept OKs $140M Sale of Raytheon Seasparrow Missiles & Services to Chile

The State Department has approved Chile’s request to acquire $140.1 million in Raytheon (NYSE:RTN)-manufactured Evolved Seasparrow Missiles and related services from the U.S. government under a foreign military sales agreement between both countries. The Defense Security Cooperation Agency said Tuesday Raytheon, BAE Systems and Lockheed Martin (NYSE:LMT) will serve as principal contractors …

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Reuters: Poland Nears Completion of Potential $5B Raytheon Missile Defense System Contract

Poland has made progress in its work to complete a potential $5 billion contract with Raytheon (NYSE: RTN) for the company’s air and missile defense system, Reuters reported Monday. Marcin Goettig writes the acquisition of the Patriot missile systems will support Warsaw’s large-scale army modernization program. “Raytheon has agreed to our minimal condition …

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Raytheon, Thales Restructure JV to Focus on NATO C2, Missile Defense Systems

Raytheon (NYSE: RTN) and Thales Group have agreed to restructure their joint venture ThalesRaytheonSystems in order to focus on the delivery of ballistic and theater missile defense platforms as well as aerial command-and-control systems to NATO member countries and related agencies. Thales received approximately $90 million in cash payment from Raytheon as …

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