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...
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...
