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Tag Archives: rtn

Raytheon-UTC Deal Comes as DoD Eyes New Priorities; Pierre Chao Offers Insight on M&A Trend

The planned merger between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) comes as the aerospace-and-defense sector anticipates slower growth in the Department of Defense’s spending and as DoD sets its sights on hypersonic missiles, space systems and other new priorities, The Wall Street Journal reported Wednesday.

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UTC Names Judy Marks, David Gitlin as CEOs of Future Independent Firms Otis, Carrier

United Technologies Corp. (NYSE: UTX) has appointed Judith Marks, president of Otis since 2017 and a three-time Wash100 winner, as CEO of UTC’s elevators manufacturing subsidiary. Marks previously served as CEO of Siemens USA and head of the industrial conglomerate’s Dresser-Rand business. She also held senior leadership positions at Lockheed Martin (NYSE: LMT) and IBM (NYSE: IBM).

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Raytheon, UTC Announce All-Stock Merger; Thomas Kennedy, Greg Hayes Quoted

Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, which is expected in the first half of 2020, the firms said in a joint statement published Sunday.

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McAleese & Associates: Raytheon Reports 7% Growth in Q1 2019 Sales

A new McAleese and Associates report says Raytheon (NYSE: RTN) saw its sales climb 7 percent to $6.7B in the first quarter of 2019 with an earnings per share of $2.77. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report the Waltham, Mass.-based defense …

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Army Orders $200M in Raytheon-Made Excalibur Ib Projectiles

The U.S. Army has awarded Raytheon (NYSE: RTN) a five-year, $200.2M contract to supply M982A1 Excalibur Ib containerized shells that are designed to engage land targets in a combat environment. Army Contracting Command received one bid for the firm-fixed-price contract via an online solicitation, the Department of Defense said Tuesday. …

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Teresa Shea Joins Raytheon as Cyber Warfare, Mission Innovations VP; Dave Wajsgras Quoted

Teresa Shea, formerly executive vice president of technology at In-Q-Tel, has joined Raytheon (NYSE: RTN) as VP of cyber warfare and mission innovations within the intelligence, information and services business. She will report to John DeSimone, VP of cybersecurity and special missions at Raytheon IIS, and lead the integration of …

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Raytheon Names Wesley Kremer, Ralph Acaba to New Leadership Roles

Raytheon (NYSE: RTN) has appointed Wesley Kremer, head of the firm’s integrated defense systems, as president of missile systems business, and Ralph Acaba, a 33-year company veteran, as president of IDS in a move that will take effect on March 30. “Wes and Ralph each bring extensive technical and operational …

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Report: Palantir Lands Potential $800M Army Intell System Development Contract

Palantir Technologies has won a potential contract worth over $800M from the U.S. Army to build and deploy a battlefield intelligence platform for warfighters, The Washington Post reported Tuesday. The Army selected Palantir and Raytheon (NYSE: RTN) in March 2018 to help address the service’s technology requirements for the Distributed …

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Boeing-Led Team Gets $4.1B Contract Modification for Missile Defense System Technical Support

A Boeing-led (NYSE: BA) team has received a potential $4.1B contract modification to provide technical capabilities needed to expand and build up the Ground-based Midcourse Defense anti-ballistic missile system. The Department of Defense said Friday the modification partially definitizes the potential $6.56B contract action that the Missile Defense Agency awarded in January …

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