The U.S. Army has procured mounted assured positioning, navigation and timing systems from an RTX (NYSE: RTX) business under a $96.8 million award. Collins Aerospace will deliver MAPS devices to the service branch, Army Watercraft and Marine Corps System Command as part of the recently executed MAPS Generation II delivery order 4, the Army said...
An RTX (NYSE: RTX) business will upgrade the U.S. Navy’s MK 15 Close-In Weapon Systems under a firm-fixed-price contract valued at $159.9 million. Raytheon will supply MK 15 Mod 31 SeaRAM upgrade kits and associated hardware to the service branch over a three-year period, the Department of Defense said Friday. The military and aerospace ...
CAES has secured a $172 million multi-year deal from RTX (NYSE: RTX) to assist the latter with the next three lots of follow-on production for missile data-link assembly. The award supports a major international missile program, CAES said Monday. Based in Arlington, Virginia, CAES is a subsystem provider offering advanced electronic capabilities ...
Christopher Calio, president and chief operating officer of RTX (NYSE: RTX), has been elected to the Arlington, Virginia-based aerospace and defense company’s board of directors and will assume the role of CEO in May. He will succeed Gregory Hayes, who will continue to serve as RTX’s executive chairman, the company said Thursday. “Toda...
RTX (NYSE: RTX) will continue manufacturing and supplying terrain-following/terrain-avoidance radars and spare components under a five-year, $321.27 million contract from Special Operations Command. Work on Silent Knight Radar systems will be conducted in McKinney, Texas; and Forest, Mississippi, through Dec. 31, 2028, the Department of Defense said...
RTX (NYSE: RTX), formerly Raytheon Technologies, posted $18.3 billion in fiscal 2023 second quarter sales, up 12 percent from the prior-year period, and saw its adjusted earnings per share increase 11 percent to $1.29 during the quarter. The Arlington, Virginia-based aerospace and defense contractor said Tuesday its backlog at the end of the quarter...
French aerospace and defense company Safran has agreed to purchase a Collins Aerospace business that offers aircraft actuation and flight control products in an approximately $1.8 billion cash deal. Safran said Friday it aims to complete the acquisition in the second quarter of 2024 and to balance the company’s exposure to the military and com...
French aerospace and defense company Safran has agreed to purchase a Collins Aerospace business that offers aircraft actuation and flight control products in an approximately $1.8 billion cash deal. Safran said Friday it aims to complete the acquisition in the second quarter of 2024 and to balance the company’s exposure to the military and com...
The State Department has cleared a potential $2.90 billion foreign military sale of advanced medium-range air-to-air missiles manufactured by RTX (NYSE: RTX) to the government of Germany. The potential FMS deal covers the provision of up to 969 AIM-120C-8 AMRAAM and 12 AMRAAM C8 guidance sections, the Defense Security Cooperation Agency said Wednesd...
Tamim Aslamy, a more than two-decade defense market veteran, has assumed the chief financial officer role at Raytheon Solipsys, an RTX (NYSE: RTX) subsidiary focused on developing command and control platforms for military and homeland security use. He announced his new role in a LinkedIn post Monday and comes to Solipsys from RTX, where he...
