Tag Archives: patriot

Army Tests Raytheon’s Updated Patriot IAMD System

TYSONS CORNER, VA, November 23,  2015 — The U.S. Army has conducted initial flight tests on Raytheon‘s (NYSE: RTN) updated Patriot Integrated Air and Missile Defense system, ExecutiveBiz reported Friday. The company said Thursday the tests on Patriot’s Post-Deployment Build 8 used PAC-3 and GEM-T missiles to engage ballistic missile targets. About Executive Mosaic: Founded in …

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Raytheon Lands $86M Modification on Army’s Patriot Upgrade Contract

TYSONS CORNER, VA, November 10,  2015 — Raytheon (NYSE: RTN) will update the U.S. Army‘s Patriot integrated air and missile defense system as part of an $86.2 million contract modification, ExecutiveBiz reported Monday. The company said Monday the modification works to complete the upgrades of all Patriot systems with the Army. About Executive …

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Raytheon Posts 3Q Profit Decline on Websense Costs, Boosts Full-Year Revenue Guidance

Raytheon (NYSE: RTN) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $1.47 per share, a 10.9 percent decline from the same period in 2014 and 4 cents above Wall Street expectations. Raytheon held to its full-year earnings outlook of $6.47-to-$6.62 per share and …

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Reports: Germany to Purchase MEADS Missile Defense System for $4B

Germany has placed a potential $4.5 billion order for the Medium Extended Air Defense System made by Lockheed Martin (NYSE: LMT) and MBDA as part of efforts to update country’s missile defense system, Syracuse.com reported Monday. Mark Weiner writes that Lockheed’s plant in the Salina suburb of Syracuse, New York holds a $625 million share …

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Raytheon to Update Patriot Under $212M, 13-Country Deal; Ralph Acaba Comments

Raytheon (NYSE: RTN) will continue to update the Patriot Air and Missile Defense System under a $212 million shared engineering services agreement between the U.S. and 12 partner nations awarded via the U.S. Army. The company said Thursday the Army Aviation and Missile Command awarded the contract for systems analysis, software development, testing and …

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Army to Supply Qatar With Raytheon’s Patriot Fire Units for $2B

The U.S. Army will provide Qatar with a set of Raytheon‘s (NYSE: RTN) Patriot fire units through the end of April 2019 under a $2.4 billion foreign military sale contract. The Defense Department said Friday that the contract, which was awarded through the Army Contracting Command, covers 10 fire units of the Patriot missile …

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Qatar Taps Lockheed PAC-3 Missiles; Scott Arnold Comments

Qatar will purchase the Lockheed Martin (NYSE: LMT) PAC-3 Missile and associated command launch system for the country’s air force under an initial contract. The company said Wednesday that Qatar is its eighth international customer for the PAC-3 missile system. PAC-3 works to provide “hit-to-kill” capability, said Scott Arnold, vice president of PAC-3 programs at Lockheed’s missiles …

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Ralph Acaba: Raytheon to Build Processor Kits Under Int’l Patriot Engineering Program

Raytheon (NYSE: RTN) will produce radar digital processor kits for Patriot Air and Missile Defense Systems operated by the U.S. and two partner countries under a $235.5 million contract. The company said Wednesday that the full-rate production contract is intended to reduce the number of battery replaceable units from 759 …

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US, Qatar Ink $11B Arms Deal

The Defense Department will provide a fleet Apache helicopters and defense systems to the government of Qatar under an estimated $11 billion deal signed Monday. Defense Secretary Chuck Hagel and Qatari Defense Minister Hamad bin Ali al-Attiyah inked the agreement for Apache helicopters and Patriot and Javelin systems at the Pentagon,  DoD said Monday. …

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Lockheed Awarded $611M to Build PAC-3 Missiles, Launcher Mod Kits

Lockheed Martin (NYSE: LMT) will build 92 Patriot Advanced Capability-3 missiles and 50 launcher modification kits under a $610, 892, 663 modification awarded by the U.S. Army. The Army is obligating $873, 811, 534 in fiscal year 2013 and 2014 funds for work through May 31, 2016, the Defense Department said Friday. Contract work …

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