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Tag Archives: Raytheon

Raytheon Lands $2.3B Army Contract for Patriot System-of-Systems Engineering Services

Raytheon (NYSE: RTN) has received a potential five-year, $2.30 billion contract from the U.S. Army to provide system-of-systems engineering support for Phased Array Tracking Radar Intercept on Target weapons. The Defense Department said Tuesday Raytheon will support Patriot-related software and refresh systems deployed outside the continental U.S. and partner countries. Patriot is a missile defense system composed of …

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Raytheon to Update, Support Canada’s Radar-Guided Naval Weapon Systems Under Potential $572M Contract

Raytheon (NYSE: RTN) has received a potential 20-year, $572.3 million contract to modernize and support the Canadian armed forces’ radar-guided weapon systems designed to engage aircraft, missiles and small ship threats. The Canadian government said Friday work will include updates to 21 Close-In Weapon Systems that currently support the Canadian navy’s …

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Thomas Kennedy: Raytheon Eyes Larger Share of $8B Over-the-Horizon Missile Market

Thomas Kennedy, chairman and CEO of Raytheon (NYSE: RTN), has said he expects the company to gain a controlling share of a potential $8 billion market for surface-to-surface missiles over a decade, Defense News reported Tuesday. Kennedy said Thursday at the company’s earnings call that the proposed Naval Strike Missile …

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Raytheon Awarded $95M Army Excalibur Projectile Engineering Contract

The U.S. Army has awarded Raytheon (NYSE: RTN) a potential five-year, $95 million contract to provide engineering services the military branch’s extended-range guided artillery rounds. Raytheon’s missile systems business will engineer 155mm Excalibur projectiles under the  cost-plus-fixed-fee, firm-fixed-price contract, the Defense Department said Monday. Work will occur through Jan. 25, 2023 and the Army Contracting Command will determine …

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Raytheon to Provide Stinger Weapon Support Services Under $92M Army & FMS Contract

Raytheon (NYSE:RTN) has received a potential $92 million contract to engineer and provide technical support for Stinger air defense systems of the U.S. Army, Taiwan and Poland. The Defense Department said Thursday it expects the company to complete work under the combined domestic and foreign military sales contract by Dec. 29, 2022. Stinger is designed …

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Textron Vet Brian Sinkiewicz Joins Elbit Systems’ US Arm as Airborne Solutions SVP

Brian Sinkiewicz, former senior vice president and general manager of Textron Systems‘  (NYSE: TXT) weapon and sensor systems business, has been named SVP of airborne solutions at Elbit Systems‘ U.S. subsidiary. He will oversee performance, customer engagement and growth efforts for Elbit Systems of America‘s portfolio of airborne products designed for U.S. and international defense …

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Raytheon, D13 Pursue Joint Development, Marketing of Counter-Drone Tech; Bob Busey Comments

TYSONS CORNER, VA, Jan. 22, 2018 — Raytheon (NYSE: RTN) has entered into an agreement with Department 13 International for the joint development and sale of counter-drone technologies for defense customers, ExecutiveBiz reported Jan. 8. D13 said Jan. 8 the teaming deal initially focuses on business opportunities for its Mesmer counter-drone offering …

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State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to …

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Raytheon Eyes Increased Foreign Military Sales of Tomahawk Missiles

TYSONS CORNER, VA, Jan. 17, 2018 — Raytheon (NYSE: RTN) is exploring an expansion on the sale of its Tomahawk cruise missiles to foreign military customers beyond the U.K. to help establish the company’s position in a future U.S. Navy procurement program, ExecutiveBiz reported Tuesday. Seapower Magazine reported Jan. 10 Raytheon …

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Raytheon Wins $642M MDA IDIQ to Help Test Ballistic Missile Defense System Radars

Raytheon (NYSE: RTN) has won a potential $641.8 million contract to help the  Missile Defense Agency test multiple radar platforms for the Ballistic Missile Defense System. The Defense Department said Friday Raytheon’s integrated defense systems business will analyze, execute and plan test activities for sensor systems designed to evaluate BMDS flight …

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