A Raytheon Technologies (NYSE: RTX) subsidiary has received a potential $68.4 million task order under a six-year contract from the Defense Logistics Agency for delivery of GPS receiver parts and provision of vendor-managed inventory services. Raytheon Intelligence and Space will conduct work in California through May 13, 2022, as part of the firm-f...
Raytheon Technologies (NYSE: RTX) has secured a five-year, $275 million contract to help NASA update the hardware and software of an Earth data management system. The company will engineer on-premise and cloud-based applications for the Earth Observing System Data and Information System as part of the EOSDIS Evolution and Development-3 contract, the...
Raytheon Technologies (NYSE: RTX) will help the U.S. Marine Corps execute secondary repairable program at its supply chain management centers in several U.S. states and Japan under a potential $495 million contract from the Navy. The company will be responsible for coordinating repair process by providing logistics consulting services at USMC facili...
General Motors has appointed Steve duMont, a former executive at the intelligence and space segment of Raytheon Technologies (NYSE: RTX), as president of its defense business arm, replacing Tim Herrick, who has been holding the post on an interim basis. duMont brings two decades of experience in working with big defense industry players, having serv...
A Raytheon Technologies (NYSE: RTX) business unit has received a $318 million contract to help the Transportation Security Administration deploy equipment for the security screening of checked passenger bags at airports managed by the federal government. Raytheon Intelligence & Space will expand the fielding of baggage screening platforms to aro...
Raytheon Technologies’ (NYSE: RTX) intelligence and space business has received a potential $234 million contract from the U.S. Space Force to update Blocks 1 and 2 of the GPS Next-Generation Operational Control System to facilitate the integration of GPS Block III Follow-on satellite capabilities. The Space and Missile Systems Center obligated $2...
Roy Azevedo, president of Raytheon Intelligence & Space (RI&S) for Raytheon Technologies, was presented his 2021 Wash100 Award during Executive Mosaic’s 4×24 dinner on Thursday by Jim Garrettson, CEO of Executive Mosaic and founder of the Wash100 Award. This marks the second consecutive year that Azevedo has received the most pres...
Raytheon Technologies (NYSE: RTX) posted sales of $15.3 billion and earnings per share of $0.90 for the first quarter of its 2021 fiscal year. The Waltham, Massachusetts-based defense and aerospace contractor said Tuesday its defense segment backlog at the end of FY 2021 Q1 was $65.2 billion. Major bookings for the quarter include $1.4 billion...
Jenn Azzolina of Cloudera (NYSE: CLDR) and Michael Daly of Raytheon Technologies (NYSE: RTX) said the two companies have teamed up to develop a technology platform to help government agencies glean insights from large volumes of data while ensuring data security using plug-and-play analytics and zero trust approach. Azzolina and Daly wrote th...
Raytheon Technologies (NYSE: RTX) has received a $243.2 million contract modification from the Missile Defense Agency for the delivery of one AN/TPY-2 radar designed for detecting ballistic missiles and guiding the Terminal High Altitude Area Defense system to help it shoot down the threat. The award raised the contract’s total cumulative face...
