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The U.S. Army could pick a vendor in September to produce the Lower-Tier Air and Missile Defense Sensor system, Breaking Defense reported Friday.
Read More »Army Missile Defense Sensor Contractor Downselection Expected in September
Mark Heck Appointed Defense & Intelligence Business VP at Suntiva
Mark Heck, a more than two-decade business development and operations executive, has been named vice president of defense and intelligence business unit at Falls Church, Va.-based management consulting firm Suntiva.
Read More »McAleese & Associates: Raytheon Reports $9.5B in Q2 2019 New Orders
A McAleese and Associates report says Raytheon (NYSE: RTN) recorded $9.5B in new orders during the second quarter of 2019 with a book-to-bill ratio of 1.3x.
Read More »Raytheon to Build High-Energy Laser Tech for Air Force Field Experimentation
The U.S. Air Force has selected Raytheon (NYSE: RTN) to develop two prototypes of a High Energy Laser Weapon System for experimental use under a $23.8M sole-source contract. Raytheon will aim to complete the HELWS project by Nov. 1 of next year, the Department of Defense said Friday.
Read More »Todd Probert: Raytheon Looks to AI to Support Rescue Missions
Raytheon (NYSE: RTN) and other companies are studying the potential use of artificial intelligence and machine learning in weather-related applications, Bloomberg reported Sunday.
Read More »Northrop, Raytheon to Develop Competing Laser Prototypes Under $203M Army OTA
Raytheon (NYSE: RTN) and Northrop Grumman (NYSE: NOC) will build competing prototypes of a 50 kilowatt-class laser weapon system for Stryker vehicles under a potential $203M other transaction authority agreement secured by Kord Technologies from the U.S. Army.
Read More »Raytheon, DARPA Conclude Tactical Boost Glide Tech Baseline Design Review
Raytheon (NYSE: RTN) and the Defense Advanced Research Projects Agency completed a baseline design review for a tactical boost glide weapon designed to operate at hypersonic speeds and help the military stay ahead of threats.
Read More »PwC: Aerospace, Defense Sector Recorded $58.3B in Q2 2019 M&A Deal Value
A new PwC report says the value of mergers and acquisitions in the global aerospace and defense industry was $58.3B in the second quarter of 2019 and the total deal value for year-to-date 2019 was $64.4B, increasing by 2.7x when compared with YTD 2018.
Read More »Raytheon to Support UK’s Smallsat Development Efforts via Public-Private Collaboration; Dave Wajsgras Quoted
Raytheon (NYSE: RTN) has agreed to join the Artemis Industry Association under an agreement with the U.K. ministry of defense to help the British government further its small satellite programs and develop space technology platforms.
Read More »Senate Panel OKs Mark Esper’s Nomination for DoD Secretary Post
The full Senate is expected next week to confirm Mark Esper, secretary of the U.S. Army and a 2019 Wash100 winner, as the next secretary of the Department of Defense after the upper chamber’s Armed Services Committee approved by a voice vote his nomination Thursday, Reuters reported.
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