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Tag Archives: missiles

Raytheon Gets Potential $228M Contract to Maintain Standard Missiles for US, Allied Foreign Navies

Raytheon (NYSE: RTN) has landed a potential $227.7 million contract from the U.S. Navy to perform maintenance, repair and re-certification work on Standard Missile-2 and Standard Missile-6 systems from fiscal year 2018 to fiscal 2022. The Defense Department said Friday Raytheon’s missile systems business will also repair and maintain SM-2 units for allied foreign navies as part of …

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L3 Gets Potential $230M Army Mortar Fuze Supply Contract

L3 Technologies (NYSE: LLL) has landed a potential $230 million contract to provide point detonating/delay and multi-option fuzes for U.S. Army mortars. The Army will use company-made M783 and M734A1 fuzes to perform close range and indirect fire support combat operations, L3 said Thursday. Todd Gautier, president of L3’s electronic systems business segment, said the …

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Iran: We Hit Targets in Syria with Long-Range Ballistic Missiles

Iran’s Islamic Revolution Guards Corps (IRGC) said Monday that they hit targets inside Syria, an action that would confirm they’ve extended the range of their solid-fuel missiles. Iran claimed the missiles, which flew approximately 400 miles and hit terrorist headquarters and depots in Syria’s Dayr al-Zawr province, were in response …

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AAP: Raytheon Selected for $218M Australia Test Range System Update Contract

Raytheon’s (NYSE: RTN) subsidiary has been awarded an estimated $218 million contract to update monitoring and sensor systems at the Woomera test range in the country’s southern region, Australian Associated Press reported Monday. Max Blenkin writes the 47, 177-square-mile military facility currently houses missiles, unmanned aircraft and manned aircraft used for test exercises carried out …

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Raytheon Posts 9% Sales Jump in 1Q on Missile Sales, Lifts Full-Year Earnings Outlook Despite 1Q Profit Decline

Raytheon (NYSE: RTN) — listed both in Executive Mosaic’s GovCon Index and the S&P 500 — has reported higher sales for its first quarter on global demand for its weapons and lifted its full-year earnings guidance despite a year-over-year profit decline. The Waltham, Mass.-based missile maker said first quarter revenue increased 8.88 percent from the …

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US, India Reach $200M Boeing Harpoon Missiles Sale Deal

India’s government will purchase Boeing-built (NYSE: BA) missile systems and related equipment under a $200 million foreign military sale transaction approved by the U.S. State Department. The Defense Security Cooperation Agency said Tuesday the deal covers procurement of 12 UGM-84L Harpoon Block II missiles, 10 UTM-84L missile trainers, two certification …

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State Dept OKs $534M Raytheon-Built Sidewinder Missile Sale to Australia

The State Department has approved a potential million foreign military sale of Raytheon-built (NYSE: RTN) Sidewinder missiles and related equipment to Australia. Australia plans to install the missiles on its fleets of F/A-18 and F-35 fighter jets and also intends to bolster its ability to partner with coalition forces in …

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Lockheed to Build 14 Patriot Missile Kits for $263M

Lockheed Martin (NYSE: LMT) has been awarded a $263, 410, 000 contract by the U.S. Army to build 14 Patriot missiles and seven launcher modifications kits. Kuwait is buying the four-pack missiles and kits through June 30, 2016 and the Army is obligating $23, 808, 000 in fiscal year 2014 other …

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Raytheon Wins $80M for Navy Surface Warfare Weapon; Harry Schulte Comments

Raytheon (NYSE: RTN) has won an $80.5 million contract to produce an anti-surface warfare weapon system for the Boeing-made (NYSE: BA) F/A-18 Super Hornet fighter jet. The U.S. Navy intends for the Joint Standoff Weapon C-1 systems to contain new weapon datalink radios and modified seeker software, Raytheon said Wednesday. …

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Exelis Wins Potential $125M Navy RF Defense Systems Contract; Joe Rambala Comments

ITT Exelis (NYSE: XLS) has won a potential $125 million contract to build countermeasures for the U.S. Navy to detect radio frequency threats against aircraft. The AN/ALQ-214 is part of a defensive electronic countermeasures system intended for the F/A-18 C/D Hornet and F/A-18 E/F Super Hornet planes, Exelis said Thursday. …

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