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Tag Archives: rtn

Kurt Amend Named Raytheon Saudi Arabia Operations President; Thomas Vecchiolla Comments

TYSONS CORNER, VA, Sept. 23, 2016 — Kurt Amend, who joined Raytheon (NYSE: RTN) in 2011,  has been appointed to succeed the retiring Lou Laroche as president of the company’s operations in  Saudi Arabia, GovConExecutive reported Thursday. Amend previously served as vice president of foreign policy and national security affairs within Raytheon’s international …

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Raytheon Receives $63M AESA Radar Tech Order for Navy Super Hornet, Growler Jets

Raytheon (NYSE: RTN) has received a $63 million order to produce and deliver 18 AN/APG-79 active electronically scanned array radars for the U.S. Navy ‘s F/A-18E/F Super Hornet and EA-18G Growler jets. The Defense Department said Thursday that Raytheon will also supply two AN/APG-79 AESA radars to support AESA configuration D upgrade tests and one AN/APG-79 radar to Australia under a foreign military …

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BAE-Led Team to Compete for Australia Radar Network Modernization Contract

TYSONS CORNER, VA, Sept. 7, 2016 —  BAE Systems will form a team with Raytheon (NYSE: RTN),  Daronmont Technologies and RCR Resolve FM to compete for a potential $765 million contract to modernize the radar network that supports the Australian army’s aerial and maritime surveillance efforts, ExecutiveBiz said Tuesday. BAE Systems Australia’s Chief …

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Poland to Acquire Raytheon’s Patriot Integrated Air & Missile Defense System

Poland has issued a formal request to the U.S. government to acquire Raytheon‘s (NYSE: RTN) Patriot integrated air and missile defense system for an undisclosed amount. Raytheon said Tuesday it will collaborate with Poland’s government and industry to help complete offset and industrial participation plans as part of the foreign military sales process. “Poland’s formal request …

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Lockheed-Raytheon JV, Tata Power Partner to Develop Anti-Armor Missile System

TYSONS CORNER, VA, Sept. 1, 2016 — A Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) joint venture has signed a letter of intent with Tata Power to jointly develop and produce Javelin anti-tank guided missile systems, ExecutiveBiz said Wednesday. Raytheon said Wednesday its Javelin Joint Venture will partner with Tata Power’s strategic engineering division to develop …

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August 30 Market Close: GovCon Index Drops, Lockheed & Primes Lead Losses on Low Volume Day

Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losses …

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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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August 17 Market Close: GovCon Index Slide Deepens on Lockheed & Services Stock Declines

Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers with one stock …

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