Raytheon Technologies (NYSE: RTX) has won a three-year, $122 million contract for the product improvement of a radar designed to help the U.S. Army counter hypersonic weapons and other advanced threats. Army Contracting Command received two bids for the Lower Tier Air and Missile Defense Sensor Increment III project, the Department of Defense said T...
Raytheon Technologies (NYSE: RTX) reported $17 billion in fiscal 2022 third quarter sales, reflecting a 5 percent increase from the same period last year, and posted a total backlog of $168 billion at the end of the quarter with defense business accounting for $67 billion of that figure. “Our $168 billion company backlog grew over...
Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) received the most money through Department of Defense contracts during the government’s 2021 fiscal year, according to data from the Pentagon’s Office of Local Defense Community Cooperation. The “Fiscal Year 2021 Defense Spending by State” report...
A Raytheon Technologies (NYSE: RTX) subsidiary has secured a $207 million contract to equip two U.S. Army units with counter-unmanned aerial system radar and effectors. Raytheon Missiles & Defense will provide Ku-band Radio Frequency Sensors and Coyote effectors and additional assets supporting operational deployments and flight tests, the compa...
Raytheon Technologies (NYSE: RTX) has secured a five-year, $225.6 million contract from the U.S. Navy to develop the next hardware and software increment for the U.S. Navy’s Sidewinder air-to-air missile system. Under the cost-plus-fixed-fee contract, Raytheon’s missiles and defense business will perform updates as part of the AIM-9X Blo...
A team of Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) has won a five-year, $985.3 million contract to build and demonstrate an air-launched, scramjet-powered weapon system designed to operate at a speed greater than Mach 5. The service branch is obligating $100 million for the Hypersonic Attack Cruise Missile procurement effor...
Raytheon Technologies (NYSE: RTX) has secured a potential five-year, $440.6 million contract to provide design agent engineering services for the U.S. Navy’s multimission air defense radar system capable of operating within both S-band and X-band frequencies. The firm-fixed-price contract covers engineering efforts and supplies for the dual-ba...
Allen Couture, a 10-year veteran of Raytheon Technologies (NYSE: RTX), will formally join Mercury Systems (Nasdaq: MRCY) on Oct. 3 to serve as senior vice president of execution excellence. He will be responsible for overseeing engineering, supply chain and program management functions in his new position, Mercury Systems said Thursday. Couture most...
A Raytheon Technologies (NYSE: RTX) business unit has secured a 10-year, $375 million contract to modernize a satellite-based air navigation system for the Federal Aviation Administration. Raytheon Intelligence & Space will refresh the technical features of and add a dual frequency operation service to the Wide-Area Augmentation System under the...
A Raytheon Technologies (NYSE: RTN) and Lockheed Martin (NYSE: LMT) joint venture will manufacture man-portable, anti-tank guided munitions for the U.S. Army as part of a $311.2 million contract modification. The full-rate Javelin production award includes foreign military sales to Jordan and Lithuania, the Department of Defense said Tuesday. Contra...
