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Tag Archives: rtn

PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

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LMI Names Sanjay Parthasarathy SVP, CTO in Reorganization

Sanjay Parthasarathy, a defense contracting industry veteran, has joined LMI as a senior vice president and chief technology officer. Parthasarathy will oversee the Tysons, Va.-based nonprofit government consulting services contractor’s strategic investments and innovation efforts and help revitalize the LMI Research Institute as part of his appointment to the newly created role, LMI …

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Raytheon Gets $415M MDA Contract Modification for SM-3 Block IIA Materials

Raytheon (NYSE: RTN) has secured a $415.4 million contract modification from the Missile Defense Agency to obtain a limited subset of items needed to produce, test and deliver a total of 24 Standard Missile-3 Block IIA systems. The award raises the contract’s potential value from $694.3 million to $1.10 billion and also funds the procurement …

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Govini Report: Federal Investment in Space, Hypersonic Tech Hit $83B in FY 2011-2017

A Govini report says U.S. government investments in space and hypersonic technologies from fiscal years 2011 through 2017 reached approximately $83 billion and annual government spending on such platforms rose by 6 percent over the period, SpaceNews reported Sunday. United Launch Alliance ranked first in the top 15 vendors list …

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Reginald Brothers, Heidi Shyu, Camille Nichols join CTC board; Ed Sheehan comments

Former government and military leaders Reginald Brothers, Heidi Shyu and Camille Nichols have been elected to the board of directors of Concurrent Technologies Corp. Ed Sheehan, CTC president and CEO and vice chairman of the board, said in a statement published Monday he expects the three new board members to offer guidance …

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Poland Inks Deal to Buy Raytheon Patriot Missile System From US Govt

Poland has signed an agreement to purchase the Raytheon-built Patriot integrated air-and-missile defense platform from the U.S. government. Pete Bata, vice president of Polish air and missile defense at Raytheon, said in a statement published Wednesday the letter of offer and acceptance will pave the way for the company to …

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Raytheon to Kick Off Work on $600M Army Software Sustainment Contract; Todd Probert Comments

Raytheon (NYSE: RTN) will now commence work on a potential three-year, $600 million contract to provide software sustainment and upgrade support for the U.S. Army’s missile defense systems following the withdrawal of a bid protest in February. The company said Monday it received the contract in June 2017 and will start …

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Report: Poland Inks Offset Deals With Lockheed, Raytheon for Patriot Missile System

Poland has signed potential 10-year offset agreements with Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) related to the European country’s planned procurement of the Patriot missile system, The Times of Israel reported Friday. “The offset agreements for the Wisla program are signed… This is the final step before signing …

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State Dept OKs $1.08B in TOW 2B Missile, Maintenance Requests From Saudi Arabia

The State Department has approved Saudi Arabia’s request to buy TOW 2B missiles, repair parts and spares for combat vehicles and maintenance support services for its fleet of helicopters under three foreign military sales agreements worth approximately $1.08 billion combined. Saudi Arabia requested to procure Raytheon-built (NYSE: RTN) TOW 2B missiles …

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Raytheon Wins $511M IDIQ to Help Air Force Manage ‘Cobra Dane’ Radar System

Raytheon (NYSE: RTN) has won a potential $511 million contract to help the U.S. Air Force maintain, operate and sustain the military branch’s Cobra Dane radar system. The company’s intelligence, information and services business will perform work under the indefinite-delivery/indefinite-quantity contract at Eareckson Air Station in Alaska through March 2025, the Defense Department said Friday. Cobra …

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