A Raytheon Technologies (NYSE: RTX) business unit has received a $422.7 million contract modification to produce hardware for a U.S. Navy family of air and missile defense radars. Naval Sea Systems Command will obligate the full amount on the award to cover options for AN/SPY-6(V) production work to be performed by Raytheon Missiles & Defense,...
Raytheon Technologies (NYSE: RTX) saw its fiscal 2022 first-quarter sales rise 3 percent to $15.7 billion and reported $1.15 in adjusted earnings per share for the quarter, reflecting a 28 percent increase from the prior-year period. The Waltham, Massachusetts-based aerospace and defense contractor said Tuesday it logged a total backlog of $154 bill...
A Raytheon Technologies (NYSE: RTX) business has secured a potential five-year, $1.68 billion contract from the U.S. Navy to provide modernization, activation and sustainment support for Total Ship Computing Environment infrastructure and mission systems of Zumwalt-class guided missile destroyers. Raytheon Missiles & Defense will also provide no...
The State Department has approved a request by Taiwan’s economic and cultural representative office to obtain technical assistance and related equipment for the Raytheon Technologies-built (NYSE: RTX) Patriot air defense system through a $95 million foreign military sales transaction with the U.S. government. The Taiwanese government is seekin...
Raytheon Technologies (NYSE: RTX) has secured a potential $3.2 billion contract to build a family of radars designed to help the U.S. Navy defend against hostile aircraft and various missile threats. The company said Thursday it will manufacture SPY-6 hardware in solid-state, rotating and fixed-face variants for installation on seven types of Navy s...
Steve Ratner, a more than two-decade human resources leader, will join Mercury Systems (Nasdaq: MRCY) on May 2 to serve as senior vice president and chief HR officer. He will report to Mark Aslett, president and CEO of Mercury Systems and a previous Wash100 awardee, as he oversees talent recruitment and retention efforts and supports...
The State Department has approved a potential $368.53 million foreign military sale, through which Raytheon Technologies (NYSE: RTX) could provide follow-on support services and related equipment for the U.K.’s Tomahawk Weapon System. Raytheon’s missile and defense business in Tucson, Arizona, will be the prime contractor on the proposed...
Raytheon Technologies (NYSE: RTX) has received a $93.55 million contract modification from the U.S. Navy to continue the company’s modernization, conversation and overhaul support for the MK15 close-in weapon system. The company’s missiles and defense unit is helping the service branch update CIWS and associated hardware, the Department ...
Deborah Cegielski, a more than 25-year human resource executive, has joined Cubic as senior vice president and chief HR and diversity officer. She will directly report to Stevan Slijepcevic, president and CEO of Cubic and a 2022 Wash100 Award winner, and will oversee the company’s talent acquisition and management functions, HR systems, public rel...
Raytheon Technologies (NYSE: RTX) has appointed 21-year company veteran Barbara Borgonovi to serve as senior vice president of corporate strategy and development starting April 1. She is currently the president of the intelligence, surveillance and reconnaissance systems group within the intelligence and space business, the aerospace and defense con...
