The venture capital arm of Raytheon Technologies (NYSE: RTX) has invested in EpiSci to help the latter scale its Tactical AI platform and further develop autonomy technology systems. RTX Ventures will offer guidance as EpiSci works to develop collaborative autonomy platforms demonstrate the implementation of a model-based autonomy architecture that ...
Thomas Kennedy, former executive chairman of Raytheon Technologies (NYSE: RTX), has been appointed to the board of directors at Textron (NYSE: TXT). Textron said Wednesday the 38-year industry veteran and former Air Force captain will start his role as a board member of the Providence, Rhode Island-based conglomerate on Jan. 1. He previously led Ray...
Raytheon Technologies’ (NYSE: RTX) missiles and defense business and Lockheed Martin (NYSE: LMT) will serve as principal contractors for a potential $380 million foreign military sale of FIM-92K Stinger man-portable ground-to-air missiles and related equipment to the government of Finland. The Defense Security Cooperation Agency said Thursday the ...
The U.S. Army has awarded Raytheon Technologies (NYSE: RTX) a $1.2 billion contract to deliver six more National Advanced Surface-to-Air Missile Systems, plus equipment and support services, to Ukraine as part of a Pentagon-led security assistance campaign. The contract brings the U.S. government’s total order for NASAMS batteries to eight to ...
The State Department has approved a potential $323.3 million foreign military sale of missile systems, manufactured by Raytheon Technologies (NYSE: RTX), and related equipment to the Finnish government. Finland’s FMS request includes 40 AIM 9X Block II tactical missiles, 48 AGM-154 Joint Stand Off Weapon systems and a number of tactical guidan...
Raytheon Technologies (NYSE: RTX) will provide the U.S. Navy and several foreign military sale customers with guided missile assemblies as well as related equipment and spares to meet the full-rate production requirements of the Evolved Seasparrow Missile Block 2 program for fiscal years 2021 to 2023. Deliveries will be made under a $397.7 million f...
Matt Veldhuis, a 22-year veteran of Lockheed Martin (NYSE: LMT), has joined Raytheon Technologies (NYSE: RTX) as director of business development within the intelligence and space unit. He will oversee requirements and capabilities related to space intelligence, surveillance and reconnaissance in his new position, according to a LinkedIn post publis...
Raytheon Technologies (NYSE: RTX) has promoted 19-year company veteran Richard Guzzardi to executive director of operations, supply chain and quality, air power within its missiles and defense business, according to a LinkedIn post published Wednesday. He served as senior director of the unit’s global supply chain for more than two years ...
The governments of Norway and U.S. have signed an approximately $494 million agreement to equip the Norwegian air force’s F-35 aircraft fleet with an updated variant of the Advanced Medium Range Air-to-Air Missile. Norway will acquire AMRAAM-D missiles, manufactured by Raytheon Technologies (NYSE: RTX), to boost the F-35 aircraft’s senso...
The Missile Defense Agency has awarded Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) other transaction prototype agreement modifications to continue the development and refinement of the companies’ respective concepts of the Glide Phase Interceptor. Both contractors will work to polish their prototypes for the â€...
