Tag Archives: missile

Lockheed to Develop Prototype Missiles Under $74M Army LRPF Phase 2 Contract

Lockheed Martin (NYSE: LMT) has secured a potential three-year, $73.8 million contract to begin work on the second phase of the U.S. Army’s Long Range Precision Fires missile program. The contract covers the technological maturation and risk reduction phase in which the company will design and fly prototype missiles in …

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State Dept OKs $1.3B in Surveillance Radar Maintenance, Missile Purchase Requests from Taiwan

The State Department has approved Taiwan’s request to buy missiles, torpedoes and related components as well as operations and maintenance support for the East Asian state’s surveillance radar program under seven foreign military agreements worth approximately $1.36 billion combined. Taiwan requested to purchase follow-on sustainment services for the SRP that …

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Raytheon Teams With Kongsberg to Offer Missile for Navy OTH Requirement

TYSONS CORNER, VA, June 23, 2017 — Raytheon (NYSE: RTN) has partnered with Kongsberg to offer a precision missile system to the U.S. Navy under the service branch’s solicitation for an over-the-horizon capability for littoral combat ships and frigates, ExecutiveBiz reported Thursday. Raytheon said Wednesday it will produce the long-range Naval Strike Missile with seeker and …

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Raytheon Gets $116M Army Contract to Begin LRPF Missile Tech Maturation Work

Raytheon (NYSE: RTN) has secured a potential $116.4 million contract from the U.S. Army to begin work on the Long-Range Precision Fires missile program under the technological maturation and risk reduction stage. The technology maturation phase covers tests of missile components to ensure that the LRPF platform is ready to …

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Kratos Receives $5 Million in Orders for Satellite Communication System and Other Hardware

National security solutions provider Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) received $5 million in Orders for specialized satellite communication systems and other hardware from U.S. national security customers, the company announced Wednesday. “Our entire organization is proud to support certain of the United States’ most strategically important satellite communication, …

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Raytheon Expands NM Missile Parts Production & Storage Facility With New Warehouse

TYSONS CORNER, VA, April 26, 2017 — Raytheon (NYSE: RTN) has unveiled a new 30,000-square-foot, $5 million warehouse near Farmington, New Mexico, that serves to expand an existing 95,000-square-foot production and storage facility in Dine, ExecutiveBiz reported Tuesday. The company said Monday the overall facility houses missile parts in support of …

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Raytheon, Air Force Update AMRAAM Signal Processor in Push to Extend Missile Production

TYSONS CORNER, VA, Feb. 2, 2017 — Raytheon (NYSE: RTN) will work with the U.S. Air Force to build an updated signal processor for the Advanced Medium Range Air-to-Air Missile in effort to extend the weapon’s production beyond 2020, ExecutiveBiz reported Wednesday. The company said Tuesday the update is part of the Air Force’s Form …

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State Dept Clears $140M in Raytheon Missile Purchase Requests from South Korea

The State Department has given South Korea the green light to procure Raytheon-built AGM-65G-2 Maverick and AIM-9X-2 Sidewinder missiles under two foreign military sales agreements worth approximately $140 million combined. South Korea requested to purchase 89 Maverick missiles, containers and related support under a potential $70 million FMS contract, the Defense Security Cooperation Agency said …

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DoD Approves Sale of Raytheon SM-6 Missiles to International Clients

TYSONS CORNER, VA, Jan. 12, 2017 — Raytheon‘s (NYSE: RTN) Standard Missile – 6 has been approved by the Defense Department to be sold to several international customers that seek to use the missiles to support their shipbuilding programs, ExecutiveBiz reported Wednesday. The company said Tuesday SM-6 is designed to provide naval ships with …

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December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

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