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...
Raytheon Technologies (NYSE: RTX) and L3Harris Technologies (NYSE: LHX) will develop prototype sensors for the U.S. Army’s next-generation aerial intelligence, surveillance and reconnaissance program under the second phase of an other transaction agreement, Breaking Defense reported Tuesday. The companies will further improve the designs of their ...
Raytheon Technologies‘ (NYSE: RTX) intelligence and space business has secured a five-year, $184 million contract to supply Advanced Synthetic Aperture Radar System-2B sensors and supplementary equipment to the U.S. Air Force. The branch is obligating $63.6 million at the time of award from its fiscal 2021 and 2022 procurement funds, the Depar...
Jackie Schmoll, a nearly two-decade defense and civilian market veteran, has joined Raytheon Technologies (NYSE: RTX) as vice president of requirements and capabilities for space and command and control systems. She is now part of Raytheon’s intelligence and space business unit where she will be responsible for developing and implementing grow...
A Raytheon Technologies (NYSE: RTX) business has received a $972 million contract to manufacture updated systems of the Advanced Medium Range Air-to-Air Missile for the U.S. Air Force, the U.S. Navy and 19 foreign countries. This contract marks the first award for the production of AIM-120D3 and AIM-120C8 AMRAAMs the company has devel...
A Raytheon Technologies (NYSE: RTX) subsidiary has secured a two-year, $182 million contract from the U.S. Army to provide a ground-based air defense system to Ukraine as part of a military aid package. The Department of Defense obligated the full amount to procure National Advanced Surface-to-Air Missile Systems using fiscal 2022 Ukraine Security A...
Raytheon Technologies (NYSE: RTX) has secured a potential five-year, $91.7 million contract from the U.S. Navy to provide modifications, maintenance and depot-level support for the AN/AQS-20 sonar mine-hunting system and AN/MHP-20 deploy and retrieve platform. The sole-source, cost-plus-fixed-fee and firm-fixed-price contract has a one-year base per...
Roy Azevedo, president of Raytheon Technologies’ intelligence and space business, was presented with his 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office in Arlington, VA. Executive Mosaic is honored to recognize Roy Azevedo as a three-time Wash100 Award recipient, for driving business...
Raytheon Technologies (NYSE: RTX) has received a potential one-year, $132.6 million contract modification from the U.S. Air Force to remanufacture F100 engine modules for foreign military sales customers. The sole-source modification covers F100-PW-100, F100-PW-200, F100-PW-220, F100-PW-220E, F100-PW-229 and F-100-PW-229 EEP engine modules in suppor...
Raytheon Technologies (NYSE: RTX) posted $16.31 billion in sales for its fiscal year 2022 second quarter, up 4 percent on an organic basis over the prior-year period and reported adjusted earnings per share rose from $1.03 to $1.16 per share. The Arlington, Virginia-based defense and aerospace contractor attributed the higher sales to a strong start...
