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Army Orders $127M in Raytheon-Made Excalibur Projectiles

Raytheon‘s (NYSE: RTN) missile systems business has secured a $127.1 million contract modification to provide 155mm Excalibur projectiles to the U.S. Army. The Defense Department said Friday Raytheon will perform contract work through April 30, 2019 in Arizona, California, Iowa, Missouri, Ohio, Pennsylvania, Utah, Sweden and the U.K. The Army Contracting Command is the contracting activity and …

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Christopher Davis Named Raytheon International President; John Harris Comments

Christopher Davis, formerly country leader and president of Raytheon’s (NYSE: RTN) business arm in the United Arab Emirates, has been named president of the Waltham, Massachusetts-based defense contractor’s international business organization. Davis succeeds Thomas Vecchiolla, who retired after a 15-year tenure with the firm, and will directly report to John …

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Raytheon Receives $119M Integration Support Order for Navy Tomahawk Block IV Missiles

Raytheon (NYSE: RTN) has secured a delivery order to help the U.S. Navy integrate seeker suite technology and processing components into the latest variant of Tomahawk cruise missiles. The Defense Department said Wednesday the company will conduct analysis, trade studies, architecture, modeling, simulation development, evaluation and prototyping activities in support of the Tactical …

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Raytheon Gets $615M Contract Modification for MDA Standard Missile-3 Production

Raytheon (NYSE: RTN) has received a $614.5 million contract modification from the Missile Defense Agency to produce 17 Standard Missile-3 weapons and provide support services. The Defense Department said Monday the modification covers SM-3 Block IIA missiles, containers, production support, engineering efforts, obsolescence monitoring, technical baseline engineering, quality assurance and audit support. Work will …

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Lockheed, Raytheon Win Pair of $900M LRSO Missile Tech Maturation Contracts

The U.S. Air Force has awarded a pair of contracts worth approximately $900 million each to Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) to conduct technology maturation and risk reduction work for the Long Range Standoff nuclear cruise missile. The companies will perform work at their respective facilities in Florida and …

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Raytheon to Support Navy Deployment of New IR Target Detection & Identification Tech

TYSONS CORNER, VA, Aug. 23, 2017 — Raytheon (NYSE: RTN) will support the implementation of a forward-looking infrared detection and identification technology for the U.S. Navy under a potential $33.1 million contract, ExecutiveBiz reported Tuesday. The Defense Department said Monday the company will provide technical support for the Firepower Enhancement Program system that seeks to …

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Raytheon to Supply AF Griffin Missiles Under $105M IDIQ Award

Raytheon (NYSE: RTN) has received a potential $104.9 million to produce, test and engineer Griffin missile systems for the U.S. Air Force. The Defense Department said Thursday Raytheon’s missile systems unit will supply all variants of the Griffin standoff precision guided munition technology under the indefinite-delivery/indefinite-quantity contract. Griffin functions as a ground- or an air-launched weapon …

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Lockheed-Raytheon JV Awarded $134M to Supply 3 FMS Clients With Javelin Equipment

A joint venture of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) has received a five-year, $133.9 million contract modification from the U.S. Army for the delivery of Javelin equipment and associated parts to three foreign military sales customers. The Defense Department said Tuesday Javelin Joint Venture will provide non-recurring engineering services …

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Raytheon Eyes Expansion & Job Creation in Albuquerque, New Mexico

TYSONS CORNER, VA, Aug. 15, 2017 — Raytheon (NYSE: RTN) aims to generate 60 new manufacturing jobs in New Mexico over the next six years with the expansion of its 103,000-square-foot facility at the Sandia Science and Technology Park in Albuquerque, ExecutiveBiz reported Monday. Albuquerque Business First reported Friday that the state …

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Former Deputy Defense Secretary Robert Work Joins Raytheon Board; Thomas Kennedy Comments

Robert Work, former deputy secretary at the Defense Department and a 27-year U.S. Marine Corps veteran, has been elected to the board of directors at Raytheon (NYSE: RTN). “Bob is well known in both the public and private sectors for his significant expertise in global security matters, most especially in the …

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