Raytheon (NYSE: RTN) and Northrop Grumman (NYSE: NOC) will build competing prototypes of a 50 kilowatt-class laser weapon system for Stryker vehicles under a potential $203M other transaction authority agreement secured by Kord Technologies from the U.S. Army....
Following Jacobs Engineering Group™s (JEC) official acquisition of KeyW on June 12th, United Technologies Corp. (UTX) has replaced KeyW as a member of the GovConIndex. You can find the daily performance of the GovCon industry, the latest financial news and expert analysis on the GovConIndex right here. UTX joins the GovConIndex as one of 30...
On Thursday, Executive Mosaic hosted the Potomac Officers Club™s 2019 Artificial Intelligence Forum. The forum featured a keynote address from BG Matthew Easley discussing the challenges of implementing AI for the U.S. Army, and a panel of GovCon leaders who elaborated on the impact AI continues to have on federal agencies. VADM Robert Sh...
The planned merger between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) comes as the aerospace-and-defense sector anticipates slower growth in the Department of Defense’s spending and as DoD sets its sights on hypersonic missiles, space systems and other new priorities, The Wall Street Journal reported Wednesday....
Thomas Kennedy, chairman and CEO of Raytheon (NYSE: RTN), told Defense News in an interview published Tuesday about the features of the proposed merger between Raytheon and United Technologies Corp. (NYSE: UTX) and one of the things he mentioned is how the deal makes the future combined firm more resilient....
TYSONS CORNER, VA, June 11, 2019 ” John DeSimone, vice president of cybersecurity and special missions at Raytheon (NYSE: RTN), said the company is exploring internal investments and external partnerships to develop its data resiliency capabilities as part of a cyber-as-a-service offering. DeSimone told ExecutiveBiz in an interview published We...
Greg Hayes, chairman and CEO of United Technologies Corp. (NYSE: UTC), has said that both UTC and Raytheon (NYSE: RTN) agreed on implementing a "platform agnostic" approach for technology offerings of the future merged company. The two contractors signed an all-stock deal that will create a systems provider across aerospace and defense se...
Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, whic...
TYSONS CORNER, VA, March 13, 2019 ” A Raytheon (NYSE: RTN) business unit will deliver electro-optical/infrared camera surveillance systems to support the security programs of a Middle Eastern customer under a contract with the U.S. Army, ExecutiveBiz reported March 5. The company said March 4 Raytheon Intelligence, Information and Services will...
TYSONS CORNER, VA, January 9, 2018 ” Todd Probert, vice president of mission support and modernization at Raytheon (NYSE: RTN), has said commercial software development could be a key focus of the Department of Defense in 2019 as it works to accelerate weapons systems procurement, ExecutiveBiz reported Thursday. “Focusing on commerci...
