Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will manufacture Tomahawk missiles under a $217.1 million contract from the U.S. Navy and deliver the weapon systems to the service branch, the Army and Marine Corps. The fixed-price-incentive, firm-fixed-price contract provides for the full-rate production of Block V Tactical To...
A Raytheon Technologies (NYSE: RTX) business unit has received a $422.7 million contract modification to produce hardware for a U.S. Navy family of air and missile defense radars. Naval Sea Systems Command will obligate the full amount on the award to cover options for AN/SPY-6(V) production work to be performed by Raytheon Missiles & Defense,...
Mike Lewis, former technical director of defense and civil solutions at Raytheon Technologies (NYSE: RTX), has been named digital battlespace technical program director of Booz Allen Hamilton (NYSE: BAH), according to his LinkedIn post. He will serve as a leader in Booz Allen’s Digital Battlespace Platform team and its efforts to develop digit...
Raytheon Technologies (NYSE: RTX) has been awarded a $99.5 million contract option to manufacture long-range strike missiles for the U.S. Navy’s over-the-horizon ship defense requirement. The company’s missiles and defense business will produce the OTH Weapon System, which includes a launching mechanism and a fire control suite, under th...
Lockheed Martin (NYSE: LMT) and Raytheon Technologies‘ (NYSE: RTX) Javelin Joint Venture received a pair of contracts worth potentially $309 million combined from the U.S. Army to produce anti-tank weapon systems. The partnership could manufacture more than 1,300 Javelin missiles with appropriations under the Ukraine Supplemental Appropriation...
Raytheon Technologies’ (NYSE: RTX) intelligence and space business will continue to provide geospatial intelligence, training and infrastructure support to the U.S. Air Force’s global communications system under a potential five-year contract. The indefinite-delivery/indefinite-quantity contract includes services for Air National Guard locat...
Raytheon Technologies (NYSE: RTN) has secured a potential seven-year, $376.4 million contract to help the U.S. Navy maintain a forward-looking infrared targeting system used on MH-60R and MH-60S helicopters. The defense contractor will update, repair and provide logistics support for 15 Multi-Spectral Targeting System FLIR components, the Depa...
A joint venture between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will continue manufacturing the Javelin man-portable, anti-tank guided munition for soldiers under a $237.9 million contract modification from the U.S. Army. The service branch used fiscal 2022 missile procurement funds on the award and estimated the partnershi...
Raytheon Technologies (NYSE: RTX) saw its fiscal 2022 first-quarter sales rise 3 percent to $15.7 billion and reported $1.15 in adjusted earnings per share for the quarter, reflecting a 28 percent increase from the prior-year period. The Waltham, Massachusetts-based aerospace and defense contractor said Tuesday it logged a total backlog of $154 bill...
A Raytheon Technologies (NYSE: RTX) business has secured a potential five-year, $1.68 billion contract from the U.S. Navy to provide modernization, activation and sustainment support for Total Ship Computing Environment infrastructure and mission systems of Zumwalt-class guided missile destroyers. Raytheon Missiles & Defense will also provide no...
