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Tag Archives: Raytheon

Raytheon to Support Navy Phalanx, SeaRAM Weapon Systems Under Potential $399M Contract

Raytheon (NYSE: RTN) has been awarded a potential $398.6 million contract by the U.S. Navy to provide design agent engineering and technical services for the military branch’s close-in weapon and anti-ship missile defense systems. Work covers support for Phalanx Close-in Weapon System, SeaRAM and Land-based Phalanx Weapon System at various locations in the U.S. through January 2018, …

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December 20 Market Close: GovCon Index Lifts on HII & Aerospace Climbs, Dow Closer to 20K

Executive Mosaic’s GovCon Index rose Tuesday with help from shipbuilder Huntington Ingalls Industries (NYSE: HII) and other large aerospace prime contractors as U.S. stocks also traded higher with financials the top gainers and the Dow Jones Industrial Average in touching distance of 20, 000. GovCon Index gainers edged decliners by a 2-to-1 …

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Air Force Selects Raytheon to Update F-16 Mission Computer System

TYSONS CORNER, VA, Dec. 20, 2016 — Raytheon (NYSE: RTN) has been tasked by the U.S. Air Force to produce a new modular mission computer system for the military service’s F-16 aircraft, ExecutiveBiz reported Monday. The computer update is designed with multicore processing, cybersecurity and high-speed computing and data networking features, …

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Weekly Roundup December 12 – December 16, 2016: Impending Moves for Boeing Defense, Mark Sopp & more

December 12 – December 16, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week reminded us that change is always a constant in the government contracting arena as we learned of an impending relocation by a large defense contractor and the …

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Raytheon to Begin Air Force Cryptographic Unit Production Under Potential $459M IDIQ Award

Raytheon (NYSE: RTN) has secured a potential five-year, $459 million indefinite-delivery/indefinite-quantity contract to begin full-rate production of cryptographic units designed to help the U.S. Air Force secure voice and data communications. The Defense Department said Thursday the company will build the devices in Indiana and Florida through Dec. 15, 2021 as part of the VINSON/Advanced Narrowband …

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December 14 Market Close: GovCon Index, US Stocks Turn Lower After Rate Hike Announcement

Executive Mosaic’s GovCon Index turned from neutral to negative territory Wednesday as did the U.S. stock bellwether S&P 500 composite index after the Federal Reserve raised interest rates for only a second time since the 2008 financial crisis. GovCon Index decliners outnumbered gainers by a 9-to-1 ratio as three of its 11 S&P 500 …

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State Dept Clears $1.7B Main Battle Tank Recapitalization Deal for Kuwait

The State Department has approved Kuwait’s request to buy equipment and support services for the recapitalization of 218 General Dynamics-built (NYSE: GD) Abrams M1A2 main battle tanks under a potential $1.7 billion foreign military sales agreement with the U.S. government. The Defense Security Cooperation Agency said Tuesday the deal covers 240 .50 Cal M2A1 machine guns, 480 7.62mm M240 …

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Raytheon Gets $110M Navy Contract Modification for Air, Missile Defense S-Band Radar, Controller Production

Raytheon (NYSE: RTN) has received a potential one-year, $110.1 million contract modification to begin fiscal 2017 low-rate initial production of S-band radars and radar suite controllers for the U.S. Navy. The modification seeks to exercise an option in a contract awarded in 2013 in support of the service branch’s Air and …

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December 13 Market Close: GovCon Index Lower, S&P 500 Higher as Federal Reserve Meeting Gets Underway

Executive Mosaic’s GovCon Index closed lower Tuesday in a session that saw the U.S. stock bellwether S&P 500 close at an all-time record high as investors restarted post-election buying activity in sectors they expect to see growth under a Donald Trump administration. Tuesday’s flat movement by the GCI follows Monday’s 1-percent decline as …

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Lockheed Down 5% at Midday, GovCon Index 2% Lower After Trump’s F-35 Twitter Criticism

Shares in Lockheed Martin (NYSE: LMT) traded down approximately 5 percent as noon Eastern time approached Monday after President-elect Donald Trump criticized the F-35 Joint Strike Fighter program on Twitter in the early morning hours. “The F-35 program and cost is out of control. Billions of dollars can and will …

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