Tag Archives: nyse rtn

Raytheon Receives $1.7B Upgrade Order to Saudi Arabia’s Patriot Missile Defense System

Raytheon Company (NYSE: RTN) has received a $1.7 billion direct commercial sales contract to upgrade Saudi Arabia’s Patriot air and missile defense system. The award includes ground system hardware, a full training package and support equipment upgrades. To date, 12 countries have tapped Raytheon to install the defense system. Raytheon first provided Saudi …

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Raytheon Awarded $25M to Support Global Hawk UAV Ground Operations at Domestic and International Bases

Raytheon Company (NYSE: RTN) will provide support to the ground station elements of the reconnaissance RQ-4 Global Hawk unmanned aircraft system as part of a $24.7 million one-year subcontract. Raytheon will provide mission control, launch and recovery support services to 10 Global Hawk ground stations. Locations will include Beale Air Force Base, Calif., …

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Boeing Contracts Raytheon to Enhance Situational Awareness of KC-46 Tanker

Boeing Company (NYSE: BA) has awarded a contract to Raytheon Company (NYSE: RTN) to supply ALR-69A digital radar warning receivers and digital anti-jam receiver global positioning systems for its KC-46 tanker. The system is part of Raytheon’s GPS and navigation systems avionics anti-jam and GPS receiver portfolio. “The ALR-69A is an …

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Raytheon Joint Venture Wins $34M Army Engineering Services Contract

The U.S. Army has awarded Thayles Raytheon Systems Co., an equally owned joint venture between Raytheon Company (NYSE: RTN) and Thales S.A., a $34, 296, 690 cost-plus-fixed-fee contract. The award has a fiscal year 2010 Sentinel engineering services contract base year and four option years. There is a total of 290, 200 man …

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Raytheon to Support Ballistic Missile Defense System With Airborne Data Processing

Raytheon Company (NYSE: RTN) has won a $10 million contract to provide the Missile Defense Agency with advanced airborne data processing to support the ballistic missile defense system. Raytheon’s support will enhance U.S. forces’ ability to act on potential threats. The company will develop software for automated detection, target tracking, onboard discrimination and information …

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Raytheon Collaborating with Nordic Defense Firm to Bolster Missile Supply

Raytheon Company (NYSE: RTN) and Norwegian defense company NAMMO are qualifying an alternate rocket engine for the AIM-120 advanced medium-range air-to-air missile. The new motor will be interchangeable with the AMRAAM propulsion system and will maintain the same performance as the current one. The U.S. Air Force is financing some nonrecurring costs …

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Raytheon Wins $9M Navy Ship Defense Contract Modification

The U.S. Navy has awarded Raytheon Co. (NYSE: RTN), Integrated Defense Systems, San Diego, Calif.,  a $9, 000, 448 cost-plus-fixed-fee and cost-plus-award-fee modification to exercise options for fiscal 2011 ship self defense system platform systems engineering agent efforts. Contract funds of $2, 500, 448 will expire at the end of the …

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Raytheon Acquires Directed Energy Assets of Ktech Corporation; Lawrence Comments

Raytheon (NYSE: RTN) has acquired key business assets of Ktech Corporation for an undisclosed amount. The deal is not expected to materially impact Raytheon’s 2011 sales or earnings. The non-kinetic assets, which do not cause effects through explosion or physical momentum, will become part of Raytheon’s Missile Systems business. Raytheon …

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Lockheed, Raytheon and Boeing Submit Bids for Pentagon Air-to-Ground Missile Program

Lockheed Martin Corp. (NYSE: LMT) and the team of Raytheon Co. (NYSE: RTN) and Boeing Co. (NYSE: BA) have each confirmed plans to submit a bid for work on a Pentagon air-to-ground missile program. The joint air-to-ground weapon is expected to to replace the Airborne TOW, Maverick and Hellfire missiles …

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Raytheon Wins $219.5M Modification from Missile Defense Agency

The Missile Defense Agency is awarding a $219, 502, 270 cost-plus-award-fee, cost-plus-incentive-fee, and cost-plus-fixed-fee contract modification to Raytheon Missile Systems Co. (NYSE: RTN), Tucson, Ariz. The modification’s performance period is through Sept. 30, 2015, and raises the total contract value to $294, 502, 270. Raytheon will have access to $32 …

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