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Search Results for: Raytheon

Raytheon Lands $80M Comm Systems IDIQ for FMS Program; Scott Whatmough Comments

Raytheon (NYSE: RTN) has been awarded a five-year, $80 million contract with the U.S. Army to produce communications systems for the service branch’s foreign military sales customers. The company said Monday it will also provide support services and training for the ARC-231 and ARC-164 radio systems and the APX-119 transponder under …

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CRN: Raytheon Cyber JV Inks Deal for McAfee Firewall Businesses

A cybersecurity joint venture majority-owned by Raytheon (NYSE: RTN) has agreed to acquire the McAfee Firewall Enterprise and Next-Generation Firewall businesses from Intel’s (Nasdaq: INTC) security arm, CRN reported Tuesday. Raytheon|Websense CEO John McCormack told employees in a memo obtained by CRN the acquisition seeks to expand the venture’s security talent base and Triton security offering’s …

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Raytheon Awarded $393M to Maintain Air Force Ground Intell System; Dave Wajsgras Comments

Raytheon (NYSE: RTN) has received a $393 million contract to continue to provide maintenance and sustainment support for the U.S. Air Force’s Distributed Common Ground System. The DCGS platform works to help military personnel collect, process and share intelligence data derived from sensors, Raytheon said Wednesday. MQ-1 Predator, RQ-4 Global …

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Raytheon Gets $129M Engineering Support Contract Modification for Navy Zumwalt-Class Destroyers

Raytheon (NYSE: RTN) has received a potential one-year, $129 million contract modification to provide additional engineering support services for the U.S. Navy’s fleet of Zumwalt-class guided missile destroyers. The company will perform contract work in Rhode Island, Maine, Massachusetts, California, Virginia and Indiana through August 2016, the Defense Department said Friday. …

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Raytheon Awarded $160M for Navy Close-in Weapon Systems; Rick Nelson Comments

Raytheon (NYSE: RTN) has been awarded a $159.9 million contract to produce Phalanx close-in weapon systems for the U.S. Navy. The company will also build support equipment for the Phalanx and SeaRAM weapon systems, updated Block 1B radar and maintenance kits, Raytheon said Friday. “Phalanx provides the U.S. Navy’s ships with …

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Raytheon Posts 3Q Profit Decline on Websense Costs, Boosts Full-Year Revenue Guidance

Raytheon (NYSE: RTN) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $1.47 per share, a 10.9 percent decline from the same period in 2014 and 4 cents above Wall Street expectations. Raytheon held to its full-year earnings outlook of $6.47-to-$6.62 per share and …

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Kevin Ramundo: Raytheon Works Toward ‘Strong Foundation’ for GPS OCX

TYSONS CORNER, VA, October 20,  2015 — Raytheon (NYSE: RTN) has made some changes to its development work on the U.S. Air Force GPS Next Generation Operational Control System program following recommendations from an independent review, ExecutiveBiz reported Monday. Kevin Ramundo, vice president of communications at Raytheon Intelligence, Information and …

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Raytheon Lands $200M Ballistic Missile Defense System IDIQ

Raytheon has received a $200 million contract modification from the Missile Defense Agency to plan and analyze the test for the ballistic missile defense system. The company will also continue to maintain system software and hardware, perform modeling and simulation support, and provide engineering services, the Defense Department said Thursday. Raytheon …

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Dave Wajsgras: Raytheon Leans on Regional Knowledge, Local Partnerships for Jordan Border Security Award

TYSONS CORNER, VA, October 14,  2015 — The Defense Threat Reduction Agency has awarded Raytheon (NYSE: RTN) an $18.6 million contract for additional work under the Jordan Border Security Project, ExecutiveBiz reported Thursday. Raytheon said the new deal is the third increment in the phased JPBSP initiative and involves equipment, training …

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Raytheon-Led WTA Hits 5M Training Events Milestone

TYSONS CORNER, VA, October 13,  2015 — Raytheon (NYSE: RTN) celebrated its five millionth training event as team lead of the Warrior Training Alliance, ExecutiveBiz reported Wednesday. The company said the warfighter-focused program has saved millions in costs on the U.S. Army FOCUS contract initially awarded in 2008. “Reaching these unprecedented …

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