Tag Archives: rtn

State Dept OKs $270M in Raytheon-Built Sidewinder Missile Sale to UAE

The State Department has given the United Arab Emirates the green light to buy Raytheon-built (NYSE: RTN) AIM-9X-2 Sidewinder Block II missiles, related components and services from the U.S. government under a potential $270.4 million foreign military sales agreement. Raytheon’s missile systems business will be the prime contractor in the proposed sale that seeks to …

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Lynn Dugle Named Engility Board Chairman

Lynn Dugle, president and CEO of Engility (NYSE: EGL), has been elected chairman of the Chantilly, Virginia-based government technology services contractor’s board of directors. She will remain president and CEO and succeed co-chairs Peter Marino and David Savner, who will both continue to serve as board members, Engility said Thursday. “Lynn’s …

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State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

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State Dept OKs Finland’s Requests for $735M in Harpoon Block II, Evolved Seasparrow Missiles

The State Department has cleared Finland’s request to buy Harpoon Block II surface-launched missiles and Evolved Seasparrow Missiles under two foreign military sales agreements worth approximately $734.7 million combined. Finland asked to purchase RGM-84Q-4, RGM-84L-4, RGM-84Q-4 upgrade kits, RTM-84L-4 and RTM-84Q-4 Harpoon Block II+ Extended Range Grade B missiles under a potential $622 million FMS …

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Raytheon to Provide Stinger Weapon Support Services Under $92M Army & FMS Contract

Raytheon (NYSE:RTN) has received a potential $92 million contract to engineer and provide technical support for Stinger air defense systems of the U.S. Army, Taiwan and Poland. The Defense Department said Thursday it expects the company to complete work under the combined domestic and foreign military sales contract by Dec. 29, 2022. Stinger is designed …

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State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to …

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State Dept OKs $133M SM-3 Block IIA Missile Sale to Japan

The State Department has cleared Japan’s request to buy Standard Missile-3 Block IIA, related equipment and services from the U.S. government under a potential $133.3 million foreign military sales agreement. Raytheon’s (NYSE: RTN) missile systems business and BAE Systems’ U.S. arm will serve as principal contractors for the proposed deal …

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Raytheon Gets $333M Air Force FMS Contract for Follow-On Surveillance Radar Sustainment

Raytheon (NYSE: RTN) has received a potential $333.4 million foreign military sales contract from the U.S. Air Force to continue to provide operations and maintenance support services for a surveillance program. The Defense Department said Friday the follow-on sustainment package will include contractor logistics support, engineering and technical updates meant …

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Raytheon Vet David Ray to Join FLIR as Govt & Defense Business Unit President

David Ray, a 15-year Raytheon (NYSE: RTN) veteran, will join FLIR Systems (Nasdaq: FLIR) to serve as president of the government and defense business unit starting Jan. 8. He will directly report to Jim Cannon, president and CEO of FLIR, and oversee the business unit’s research and development ,strategy, marketing …

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Andrew Ivers Named L3 Corporate SVP, Comms System Business President

Andrew Ivers, president of broadband communications sector and communication systems-west division at L3 Technologies (NYSE: LLL), will assume the roles of corporate senior vice president and president of communication systems business segment at the New York-based aerospace and defense contractor starting Jan. 1. The company said Wednesday Ivers will directly report …

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