Raytheon Technologies (NYSE: RTX) will manufacture additional prototypes of the U.S. Army’s Lower Tier Air and Missile Defense Sensor under a three-year, $353.9 million contract. The military branch received two bids for the cost-plus-fixed-fee contract and obligated $104.8 million at the time of award, the Department of Defense said Wednesday...
Raytheon Technologies (NYSE: RTX) has received a contract from the U.S. Army to develop a prototype of a tactical ground station designed to facilitate long-range precision targeting by detecting and tracking threats. The Tactical Intelligence Targeting Access Node will collect data from terrestrial, space and aerial sensors and deliver targetable d...
Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) have received contract modifications worth at least $41 million each from the Missile Defense Agency to further develop their Glide Phase Interceptor designs for MDA’s regional hypersonic missile defense program. MDA exercised options on other transaction agreements awarded in Nove...
Stephen Zhang, a nearly 13-year veteran of Raytheon Technologies (NYSE: RTX) and United Technologies Corp., has joined Virgin Orbit (Nasdaq: VORB) to serve as the launch services provider’s first vice president of investor relations. He will manage Virgin Orbit’s overall investor relations functions and advise the leadership team on matters ...
David Appel, most recently vice president of command and control digital solutions at Raytheon Technologies’ (NYSE: RTX) intelligence and space business, has joined Amazon’s (Nasdaq: AMZN) cloud computing arm as VP of national security, GovCon Wire has learned. He announced his move to Amazon Web Services in a LinkedIn post published Sunday. In ...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business has secured an $866.6 million contract from the Missile Defense Agency to manufacture updated ship-based ballistic missile interceptors for the U.S. government and the Japanese defense ministry. The sole-source award covers the production of Standard Missile-3 Block IIA systems, whic...
Shareowners in Raytheon Technologies (NYSE: RTX) will receive a quarterly dividend of 55 cents from the company on Sept. 8. Raytheon said Monday its board of directors approved the payment to stockholders of record as of Aug. 19, 2022. The aerospace and defense contractor expects to return $20 billion of capital to shareholders in the...
Raytheon Technologies (NYSE: RTX) has selected Arlington, Virginia, as the location of its new global headquarters as part of efforts to strengthen partnerships to develop novel technologies and improve its agility in supporting customers in U.S. government and commercial aerospace markets. The Waltham, Massachusetts-based defense contractor said Tu...
Paul Meyer, president of Department 22 at Raytheon Technologies‘ intelligence and space business, was featured in a recent Executive Spotlight interview published Tuesday. He said Department 22 was formed in response to customers’ call to boost the speed of innovation amid the Department of Defense’s implementation of its Joint All...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will manufacture 1,300 anti-aircraft weapons for the U.S. Army under a four-year, $624 million contract. The company said Friday that funds for the order will come from an emergency spending package that offers additional aid to Ukraine and seeks to replenish the U.S. weapons sto...
