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Tag Archives: rtn

Kurt Amend Named Raytheon Arabia Business CEO

Kurt Amend, president of Raytheon‘s (NYSE: RTN) operations in Saudi Arabia, has been named CEO of the Raytheon Arabia business. The company said Sunday the nearly three-year public and private sector veteran will oversee the unit’s business strategy and execution of defense-related projects in the Middle Eastern country. Amend’s appointment comes …

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USAF Awards Raytheon $75M Small Diameter Bomb Tech Support IDIQ

The U.S. Air Force has awarded Raytheon (NYSE: RTN) a potential seven-year, $75 million contract to provide technical support services for a bomb technology designed to help fighter pilots destroy moving targets. Raytheon’s missile systems unit will perform lifecycle technical support under the engineering, manufacturing development, production and sustainment phases of …

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State Dept OKs $1.3B in Surveillance Radar Maintenance, Missile Purchase Requests from Taiwan

The State Department has approved Taiwan’s request to buy missiles, torpedoes and related components as well as operations and maintenance support for the East Asian state’s surveillance radar program under seven foreign military agreements worth approximately $1.36 billion combined. Taiwan requested to purchase follow-on sustainment services for the SRP that …

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Raytheon to Supply F/A-18 Configuration D Kits Under $91M Navy Contract

Raytheon (NYSE: RTN) has secured a $90.8 million contract to refurbish components on the U.S. Navy‘s fleet of F/A-18 Hornet multirole aircraft. The Defense Department said Tuesday that Raytheon will provide 206 retrofit components and four validation and verification kits for F/A-18 Configuration D as part of three engineering change proposals. Hornet fighter jets are …

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Raytheon Secures $1B Contract to Help Build DHS Cyber Protection System; Dave Wajsgras Comments

Raytheon (NYSE: RTN) has landed a five-year, $1 billion contract to help develop the Department of Homeland Security‘s next-generation National Cybersecurity Protection System. The company said Monday the Development, Operations and Maintenance contract covers intrusion detection and prevention, automation, analytics and information sharing. Dave Wajsgras, president of Raytheon’s intelligence, information and services business, said …

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Raytheon Gets Potential $653M Navy Contract for Fiscal 2017 SM-2 Missile, Spares Production

The U.S. Navy has awarded Raytheon‘s (NYSE: RTN) missile systems business a potential $652.8 million contract to fund the full-rate production of Standard Missile-2 systems and spare parts for the service branch and its allied foreign navies in fiscal 2017. The Defense Department said Friday the contract will run through March 2022 and …

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David Dacquino Promoted to CEO at Serco’s Americas Arm

David Dacquino, senior vice president of defense business at Serco Group‘s Americas division, has been promoted to chief executive in a move that takes effect in mid-2017. The more than three-decade industry veteran will succeed Dan Allen, who announced in February his plans to retire after nearly four years as chairman and CEO of Serco Inc., the …

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Raytheon Gets Additional $83M Contract Funds for AIM-9X Block II Missile Production

Raytheon (NYSE: RTN) has received an $82.8 million contract modification to produce AIM-9X Block II missile systems for the U.S. Navy and the U.S. Air Force as well as the governments of Poland, Indonesia, Romania and Belgium. The modification was awarded by the Navy and covers the full-rate production of 180 lot 17 AIM-9X all-up-round missiles, 19 …

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Raytheon Awarded Potential $300M Navy Contract to Develop LCS Sonar Tech

Raytheon (NYSE: RTN) has secured a potential $300 million contract to design and build an anti-submarine technology for U.S. Navy personnel to locate and track enemy submarines from littoral combat ships. The Navy awarded the contract following the completion of a study and production assessment of Raytheon’s Variable Depth Sonar system, the company said Tuesday. …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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