Tony Calderon, formerly a chief financial officer within Raytheon Intelligence & Space, has been appointed vice president of finance for the integrated mission systems unit at L3Harris Technologies (NYSE: LHX). He announced his new position in a LinkedIn post published Sunday and will oversee the financial performance of an organization that off...
RTX (NYSE: RTX), formerly Raytheon Technologies, has secured a potential $118 million contract from the U.S. Army to update a common sensor payload for MQ-1C Gray Eagle unmanned aircraft systems, Inside Defense reported Wednesday. Dennis Teefy, project director for the Army’s sensors aerial intelligence, said the updated CSP system features a ...
Raytheon Technologies (NYSE: RTX) has adopted the name RTX as part of a rebranding effort, the company announced Monday in a LinkedIn post. RTX will begin operating with three businesses – Collins Aerospace, Pratt & Whitney and Raytheon – once the portfolio realignment takes effect on July 1. In January, the Arlington, Virginia-based aer...
Raytheon Technologies‘ (NYSE: RTX) Pratt & Whitney business has secured a $2 billion contract modification for lot 17 F-35 aircraft engine manufacturing services in support of U.S. and international defense customers. The award from the U.S. Navy’s Naval Air Systems Command will fund the procurement of propulsion system materials, pa...
Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will engineer the combat system of the U.S. Navy’s Zumwalt-class guided missile destroyers under a one-year, $308.5 million contract option. The funds will also cover miscellaneous items and travel activities that support work on the fleet’s mission systems and equipm...
Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) have joined the list of awardees on a U.S. Air Force research and development contract worth up to $400 million over seven years, the Department of Defense said Wednesday. Five companies now hold spots on the Advanced Aerospace Systems Technology Research program. General Atomics, Lockheed...
Raytheon Technologies (NYSE: RTX) will continue to manufacture AN/SPY-6(V) radar systems for the U.S. Navy under a $619 million contract option. The award will enable the service branch to install the air and missile defense radar technology on initial Arleigh Burke-class Flight IIA destroyer ships, the company said Wednesday. SPY-6 is designed to h...
James Winnefeld, a retired U.S. Navy admiral, has been appointed chair of Acalvio Technologies‘ newly created board that will advise the cybersecurity company on federal business matters. Acalvio said Thursday the federal advisory board will offer their perspectives as the Santa Clara, California-based software provider aims to help government...
Raytheon Technologies (NYSE: RTX) plans to realign its four current businesses into three focused segments – Collins Aerospace, Pratt & Whitney and Raytheon – as part of efforts to drive the company’s technology synergies, market growth and financial targets. Christopher Calio, chief operating officer of Raytheon, will assume additiona...
