Raytheon Technologies (NYSE: RTX) has received a $578.3 million contract modification to help the U.S. Navy and foreign military sales customers address production requirements for the Standard Missile-2. The Navy accounts for 6 percent, or approximately $36.7 million, of the procurement funds for SM-2 all up rounds, spare parts, engineering service...
Raytheon Technologies (NYSE: RTX) has received a potential five-year, $102.6 million contract to upgrade, replace and repair ALR-67(V)3 radar warning systems installed on the U.S. Navy’s F/A-18 tactical aircraft. The firm-fixed-price contract also includes inventory, obsolescence and configuration management support services for the radar warn...
Raytheon Technologies (NYSE: RTX) has received a $269 million contract modification for full-rate production services to the U.S. Navy’s Evolved Seasparrow Missile system modernization program. Naval Sea Systems Command issued the firm-fixed-price modification, as part of a potential $1.28 billion fiscal 2021-2023 ESSM Block 2 contract announc...
Raja Maharajh, most recently chief of staff to Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes, has been appointed general counsel of the Waltham, Massachusetts-based defense and aerospace company. He succeeds Frank Jimenez and will oversee legal and regulatory functions that include corporate governance and transactions, litigation, c...
Vertex Aerospace has closed its acquisition of Raytheon Technologies’ (NYSE: RTX) defense training and mission critical solutions business. The transaction was first announced in September and Ed Boyington, president and CEO of Vertex, said in a statement published Tuesday the acquisition supports the company’s strategy to deliver a comprehe...
Raytheon Technologies (NYSE: RTX) will continue to help the U.S. Navy modernize sensor hardware and software for Super Hornet and Growler military aircraft platforms under a $71.4 million contract modification. The award includes work to update sensor instrumentation and interfaces related to the anti-surface warfare technical baseline of F/A-18 and...
Raytheon Technologies (NYSE: RTX) has secured a $273.4 million contract modification to expand its support services for a new U.S. Navy radar system being produced to help the military service detect adversarial aircraft and missile threats. The company will provide laboratory generator support for the Navy’s Air and Missile Defense Radar and ...
TYSONS CORNER, VA, Dec. 1, 2021 — Raytheon Technologies‘ (NYSE: RTX) missiles and defense business has received a Missile Defense Agency award to participate in a program focused on the development and demonstration of a hypersonic missile interceptor meant to counter threats in the glide phase of flight, ExecutiveBiz reported Nov. 22. ̶...
Raytheon Technologies (NYSE: RTX) has expanded its intelligence and space business with the addition of SEAKR Engineering, a Centennial, Colorado-headquartered space electronics manufacturer it recently acquired for an undisclosed sum. Roy Azevedo, president of Raytheon Intelligence & Space, said in a statement published Monday there is an incre...
Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) have received other transaction agreements from the Missile Defense Agency to further develop their Glide Phase Interceptor design concepts for MDA’s regional hypersonic missile defense program. MDA said Friday prototypes that will emerge through th...
