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Tag Archives: Raytheon

Raytheon Awarded $393M to Maintain Air Force Ground Intell System; Dave Wajsgras Comments

Raytheon (NYSE: RTN) has received a $393 million contract to continue to provide maintenance and sustainment support for the U.S. Air Force’s Distributed Common Ground System. The DCGS platform works to help military personnel collect, process and share intelligence data derived from sensors, Raytheon said Wednesday. MQ-1 Predator, RQ-4 Global …

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Northrop Wins Air Force Long Range Strike Bomber Contract

Northrop Grumman (NYSE: NOC) has beaten out a team of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) for the highly-anticipated contract to build the U.S. Air Force‘s Long Range Strike Bomber plane, Defense Department officials announced Tuesday. The service branch plans to purchase up to 100 of the bombers at a cost of $511 million per plane …

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Raytheon Gets $129M Engineering Support Contract Modification for Navy Zumwalt-Class Destroyers

Raytheon (NYSE: RTN) has received a potential one-year, $129 million contract modification to provide additional engineering support services for the U.S. Navy’s fleet of Zumwalt-class guided missile destroyers. The company will perform contract work in Rhode Island, Maine, Massachusetts, California, Virginia and Indiana through August 2016, the Defense Department said Friday. …

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October 26 Morning Report: GovCon Index Rises as More Q3 Earnings Reports Loom

The GovCon Index closed Friday at a gain of 1.057 percent to 75.312 ahead of third-quarter earnings reports from more Index companies scheduled through the end of the week. Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon (NYSE: RTN) reported Q3 earnings above Wall Street estimates, helping the Index record a weekly gain …

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October 23 Market Close: GovCon Index Extends Climb, US Stocks Up on Earnings & China Rate Decision

The GovCon Index extended its current rally into a second day with a gain of 1.057 percent to 75.312 as investors continued to mull earnings reports from S&P 500 stocks, 11 of which are also listed in the Index. For the week, the Index recorded a gain of 6.32 percent on third quarter earnings reports above Wall Street …

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Weekly Roundup Oct 19 – Oct 23 2015: Contracting Giants Kick Off 3Q Earnings Season & more

Weekly Roundup Oct 19 – Oct 23 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s GovCon Index ushered in the latest round of earnings reports this week and …

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Raytheon Awarded $160M for Navy Close-in Weapon Systems; Rick Nelson Comments

Raytheon (NYSE: RTN) has been awarded a $159.9 million contract to produce Phalanx close-in weapon systems for the U.S. Navy. The company will also build support equipment for the Phalanx and SeaRAM weapon systems, updated Block 1B radar and maintenance kits, Raytheon said Friday. “Phalanx provides the U.S. Navy’s ships with …

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October 22 Market Close: GovCon Index Snaps Out of Neutral, Posts 2% Gain

The GovCon Index snapped a four-day streak of nominal and negative trading activity Thursday with a gain of 1.949 percent to 74.524. Raytheon (NYSE: RTN) shares climbed 4.1 percent to $111.28 after the weapons maker posted third quarter earnings and sales figures above Wall Street forecasts and raised its full-year revenue …

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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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October 20 Market Close: GovCon Index Neutral as Lockheed, UTC Kick Off 3Q Defense Earnings Season

The GovCon Index continued to reflect a narrow range of trading activity across U.S. stock markets Tuesday with a nominal decline of 0.052 points to 73.241 as Lockheed Martin (NYSE: LMT) and United Technologies Corp. started the first full week of third quarter earnings season for many Index and other defense-GovCon companies. …

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