Leanne Caret, former CEO of the defense, space and security unit at Boeing (NYSE: BA), has been elected to the board of directors at Raytheon Technologies (NYSE: RTX). “With a focus on rapid deployment of highly complex systems, she has driven development of groundbreaking technology solutions throughout her tenure,” Greg Hayes, CEO and chairman...
Raytheon Technologies (NYSE: RTX) will continue to provide sustainment support to the Taiwan Surveillance Radar Program under a $412.6 million contract from the U.S. Air Force, the Department of Defense said Wednesday. The sole-source award is for a foreign military sale of follow-on sustainment services and comes more than three months after the St...
Raytheon Technologies (NYSE: RTX) will manufacture 111 more Tomahawk missile systems in Block V configuration for the U.S. Navy, Marine Corps and Army under a $171.2 million contract modification. The Navy exercised an option under the first multi-service, full-rate production contract for the Tactical Tomahawk weapon, according to a Department of D...
Kathleen Hicks, deputy secretary of the Department of Defense, met with members of the Defense Business Board and informed them about the initiatives to strengthen the defense industrial base’s resiliency, according to a DOD meeting readout released Thursday. During DBB’s first quarterly meeting for fiscal year 2023, the two-time Wash100...
Kathleen Hicks, deputy secretary of the Department of Defense and a 2022 Wash100 Award recipient, spoke with leaders of eight large primes to discuss strategic priorities for the Pentagon and business challenges facing the industry. DOD said Tuesday executives at BAE Systems, Boeing (NYSE: BA), General Dynamics (NYSE: GD), HII (NYSE: HII), L3Harris ...
Raytheon Technologies (NYSE: RTX) has won a three-year, $122 million contract for the product improvement of a radar designed to help the U.S. Army counter hypersonic weapons and other advanced threats. Army Contracting Command received two bids for the Lower Tier Air and Missile Defense Sensor Increment III project, the Department of Defense said T...
Raytheon Technologies (NYSE: RTX) reported $17 billion in fiscal 2022 third quarter sales, reflecting a 5 percent increase from the same period last year, and posted a total backlog of $168 billion at the end of the quarter with defense business accounting for $67 billion of that figure. “Our $168 billion company backlog grew over...
A team of Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) has won a five-year, $985.3 million contract to build and demonstrate an air-launched, scramjet-powered weapon system designed to operate at a speed greater than Mach 5. The service branch is obligating $100 million for the Hypersonic Attack Cruise Missile procurement effor...
Raytheon Technologies’ (NYSE: RTX) Collins Aerospace business has secured a potential five-year, $583 million contract from the U.S. Army to produce the latest generation of positioning, navigation and timing system for the service’s uncrewed and manned ground vehicles. The Army awarded the indefinite-delivery/indefinite-quantity contract after ...
Raytheon Technologies (NYSE: RTX) posted $16.31 billion in sales for its fiscal year 2022 second quarter, up 4 percent on an organic basis over the prior-year period and reported adjusted earnings per share rose from $1.03 to $1.16 per share. The Arlington, Virginia-based defense and aerospace contractor attributed the higher sales to a strong start...
