Tag Archives: Raytheon

UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.

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Raytheon Awarded Potential $353M Navy Contract for Rolling Airframe Missile Components

raytheon-awarded-potential-353m-navy-contract-for-rolling-airframe-missile-components

Raytheon (NYSE: RTN) has secured a potential $353.3M contract from the U.S. Navy to provide guided missile round packs and spare replacement parts for the Block 2 and 2A variants of the Rolling Airframe Missile system. The contract includes foreign military sales to Turkey, the United Arab Emirates, Saudi Arabia, Egypt and Germany, the Department of Defense said Monday.

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Proposed UTC-Raytheon Merger Gets DOJ Antitrust Clearance With Divestiture Requirement

proposed-utc-raytheon-merger-gets-doj-antitrust-clearance-with-divestiture-requirement

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

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Report: Lockheed Advances in Army’s Precision Strike Missile Competition

report-lockheed-advances-in-armys-precision-strike-missile-competition

Lockheed Martin (NYSE: LMT) emerged as the final contender for the U.S. Army’s Precision Strike Missile prototyping competition, Jane’s 360 reported Tuesday. The PrSM program seeks to develop a precision-strike, surface-to-surface guided missile to replace the Army Tactical Missile System and that can be fired from the M142 High Mobility Artillery Rocket System and M270A1 Multiple Launch Rocket System to neutralize targets at ranges of up to 499 kilometers.

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Pierre Chao, Founding Partner of Renaissance Strategic Advisors, Named to 2020 Wash100 for His Valuable Consulting Services and IT Initiatives

pierre-chao-founding-partner-of-reconnaissance-strategic-advisors-named-to-2020-wash100-for-his-valuable-consulting-services-and-it-initiatives

Executive Mosaic is honored to present Pierre Chao, founding partner of Reconnaissance Strategic Advisors (RSAdvisors), as an inductee into the 2020 Wash100 Award for his expansive consulting services and IT insights. This marks Chao’s third Wash100 Award.

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Raytheon Completes FLIR System to Support Soldiers Fields of View; Sam Deneke Quoted

raytheon-completes-flir-system-to-support-soldiers-fields-of-view-sam-deneke-quoted

Raytheon Company has developed, manufactured and delivered its first 3rd GEN FLIR sensor system under a U.S. Army contract awarded in 2016. This latest Forward-Looking Infrared (FLIR) system to support soldiers four fields of view, the company announced on Wednesday.  

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