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McAleese & Associates: Raytheon Recorded $42.4B in 2018 Total Backlog

A new report by consulting firm McAleese & Associates says Raytheon (NYSE: RTN) saw its 2018 bookings jump 16 percent to $32.2B, which resulted in a book-to-bill ratio of 1.2. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that Raytheon posted a total backlog of …

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Raytheon Awarded $434M Sidewinder Block II Production Contract Modification

Raytheon (NYSE: RTN) has received a potential $434.4M contract modification to produce and deliver lot 18 AIM-9X Sidewinder Block II missiles for the U.S. Navy, U.S. Air Force and seven foreign military sales clients. The modification covers the production of AIM-9X Block II all-up round tactical missiles, captive and special air training …

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Eight Firms to Help Air Force Develop Open Architecture Standards

Eight companies have secured contracts worth $22.5M combined to develop, manage and update a set of Open Architecture standards for the U.S. Air Force. The contractors will work as a single entity to create and offer configuration control for Universal Command and Control Interface and Open Mission systems standards, the …

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Navy Awards Raytheon $149M Contract to Build New Standard Missile-2 Configuration

Raytheon‘s (NYSE: RTN) missile systems business has received a potential four-year, $149.4M contract to engineer, manufacture and develop a Block IIIC configuration of the U.S. Navy‘s Standard Missile-2 system. Work will occur in Arizona, Colorado, Ohio, New York and England through October 2022 under the cost-plus-incentive contract, the Department of Defense …

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McAleese & Associates: GovCon Execs Talk AI, Hypersonics at Reagan Forum

Consulting firm McAleese & Associates has released a report on key takeaways from the two-day Reagan National Defense Forum that kicked off Friday in California. Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson; Raytheon (NYSE: RTN) CEO Thomas Kennedy; Leanne Caret, CEO of Boeing’s (NYSE: BA) defense, space and security business; and Harris (NYSE: …

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MDA Unveils Eight Participants in Hypersonic Weapon Concept Development Program

The Missile Defense Agency has awarded contracts to seven companies and a nonprofit organization to further develop their respective hypersonic weapon concepts. MDA said in a FedBizOpps notice posted Thursday contractors will work on their proposed kinetic and non-kinetic hypersonic glide and terminal defense weapon systems through the contracts worth …

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Roy Azevedo Named Raytheon Space & Airborne Systems President; Thomas Kennedy Quoted

Roy Azevedo, a nearly three-decade Raytheon (NYSE: RTN) veteran, has been appointed president of the company’s space and airborne systems business in a move that will take effect on Sept. 1. He will join the corporate leadership team and succeed Richard Yuse, who is due to retire on Dec. 31 …

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Sally Sullivan, Ed Fortunato Named to VP Roles at Raytheon

Sally Sullivan, a former CSRA executive, has joined Raytheon (NYSE: RTN) as vice president of U.S. business development. Sullivan previously served as executive VP for the homeland security group at CSRA, which is now part of General Dynamics’ (NYSE: GD) information technology business after the latter completed its purchase in April, …

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23 Firms Win Spots on $794M Navy Unmanned Undersea Vehicle R&D Support IDIQ

The U.S. Navy has awarded 23 companies positions on a potential five-year, $794.5 million contract to support the development and fabrication of unmanned undersea vehicles. The Defense Department said Monday the Naval Undersea Warfare Center Division received 28 offers for the indefinite-delivery/indefinite-quantity contract that will run through July 2023. Contractors …

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Raytheon Records 5.5% Increase in Net Sales, $8.7B in Bookings for Q2 2018

Raytheon (NYSE: RTN) recorded $6.6 billion in net sales for the second quarter of fiscal 2018, reflecting a 5.5 percent increase from the same period last year. The company said Thursday it logged $8.7 billion in Q2 bookings and $1.2 billion in operating cash flow related to second-quarter continuing operations. The …

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