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Tag Archives: rtn

Raytheon Names Wesley Kremer, Ralph Acaba to New Leadership Roles

Raytheon (NYSE: RTN) has appointed Wesley Kremer, head of the firm’s integrated defense systems, as president of missile systems business, and Ralph Acaba, a 33-year company veteran, as president of IDS in a move that will take effect on March 30. “Wes and Ralph each bring extensive technical and operational …

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Report: Palantir Lands Potential $800M Army Intell System Development Contract

Palantir Technologies has won a potential contract worth over $800M from the U.S. Army to build and deploy a battlefield intelligence platform for warfighters, The Washington Post reported Tuesday. The Army selected Palantir and Raytheon (NYSE: RTN) in March 2018 to help address the service’s technology requirements for the Distributed …

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Boeing-Led Team Gets $4.1B Contract Modification for Missile Defense System Technical Support

A Boeing-led (NYSE: BA) team has received a potential $4.1B contract modification to provide technical capabilities needed to expand and build up the Ground-based Midcourse Defense anti-ballistic missile system. The Department of Defense said Friday the modification partially definitizes the potential $6.56B contract action that the Missile Defense Agency awarded in January …

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SAIC Announces Leadership Appointments as Part of CEO Transition; Nazzic Keene Quoted

Science Applications International Corp. (NYSE: SAIC) will eliminate the chief operating officer role starting April 1 as part of a new organizational structure following the election of COO Nazzic Keene to succeed Tony Moraco as CEO of SAIC. SAIC said Wednesday solutions and technology and customer groups as well as corporate functions …

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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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