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Tag Archives: Raytheon

Raytheon Eyes Defense Tech Development, Capability Building in Saudi Arabia

TYSONS CORNER, VA, May 23, 2017 — Raytheon (NYSE: RTN) has entered into a partnership with state-owned Saudi Arabia Military Industries Company to pursue joint defense and technology development projects in areas such as smart munitions and defense systems cybersecurity, ExecutiveBiz reported Monday. The U.S. defense contractor said Saturday it will also …

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Raytheon Awarded Potential $300M Navy Contract to Develop LCS Sonar Tech

Raytheon (NYSE: RTN) has secured a potential $300 million contract to design and build an anti-submarine technology for U.S. Navy personnel to locate and track enemy submarines from littoral combat ships. The Navy awarded the contract following the completion of a study and production assessment of Raytheon’s Variable Depth Sonar system, the company said Tuesday. …

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Boeing Gets $1.1B MDA Contract Modification for Kill Vehicle Development

Boeing (NYSE: BA) has received a potential five-year, $1.1 billion contract modification from the Missile Defense Agency to continue to provide development support for the Redesigned Kill Vehicle program. The modification increases the total value of a previously awarded contract from $4.7 billion to $5.8 billion, the Defense Department said …

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Forcepoint Vet John McCormack Named Fidelis Interim President, CEO

John McCormack, former CEO of security firm Forcepoint, has been appointed to serve as Fidelis Cybersecurity‘s interim president and CEO, CRN reported Monday. The two-decade security industry veteran succeeds Peter George, who has led Fidelis as chief executive since it was acquired by Los Angeles-based Marlin Equity Partners from General Dynamics (NYSE: GD) in May …

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May 18 Market Close: Minor Positive Changes With GovCon Index and Market Indices

The Executive Mosaic GovCon Index moved downward contrary to major market indices. Decliners outpaced advancers 18 to 12. The major markets showed minor movement upward after recovering from significant drop yesterday. At market close WTI followed the markets to close up 0.39 percent to $49.26 as the Algerian Energy Minister indicated that …

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GA-ASI’s Chris Pehrson Named to Advisory Council of New CNAS Defense Project

TYSONS CORNER, VA, May 17, 2017 — Chris Pehrson, vice president of strategic development at General Atomics’ aeronautical systems business, has been named to the advisory council for the Center for a New American Security’s Evolving the Future Force project, ExecutiveBiz reported Tuesday. CNAS said Monday the new initiative is part of its Defense …

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Raytheon to Supply 3D Long-Range Radar Units to Air Force Under $53M Deal

TYSONS CORNER, VA, May 15, 2017 — Raytheon (NYSE: RTN) will work to design, develop and manufacture three units of the Three-Dimensional Expeditionary Long-Range Radar system for the U.S. Air Force under a potential $52.7 million contract, ExecutiveBiz reported Friday. The Defense Department said Thursday the company will perform work covered in the fixed-price-incentive …

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GovCon Wire’s Weekly Roundup: Blockchain’s Impact on Industry & More

Weekly Roundup May 8 – May 12 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson It’s been nearly a decade since Satoshi Nakamoto first dreamt up the core component of the technology known as blockchain – the decentralized, digital currency Bitcoin has evolved …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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Raytheon to Use Unisys Tech in Patriot Weapon System Performance Push

TYSONS CORNER, VA, May 9, 2017 — Raytheon (NYSE: RTN) will utilize Unisys‘ (NYSE: UIS) ClearPath Forward enterprise computing technology in efforts to build on the performance of the Patriot air and missile defense system, ExecutiveBiz reported Monday. Unisys said Monday Raytheon selected the updated platform to help develop software that will work to …

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