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Raytheon Co (RTN.N)

RTN.N on New York Stock Exchange

136.13USD
30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Raytheon sets quarterly cash dividend of $0.7325 per share
Thursday, 26 May 2016 05:05pm EDT 

Raytheon Co :Sets quarterly cash dividend of $0.7325 per share.  Full Article

Jordan to acquire Raytheon's Tow missiles
Tuesday, 10 May 2016 03:41am EDT 

Raytheon Co : Jordan's ministry of defence has signed an agreement with U.S. Department of defense to acquire tow missiles . Will begin deliveries this year .Jordan to acquire raytheon's tow missiles.  Full Article

Raytheon Co says U.S. Navy awards up to $104 million for long-range radar operations contract
Tuesday, 26 Apr 2016 09:00am EDT 

Raytheon Co:Says U.S. Navy awards up to $104 million for long-range radar operations contract.  Full Article

Raytheon Co increases dividend by 9.3 percent
Wednesday, 23 Mar 2016 05:39pm EDT 

Raytheon Co:Board of Directors has voted to increase the company's annual dividend payout rate by 9.3 percent, from $2.68 to $2.93 per share.Board also authorized payment of a quarterly cash dividend of $0.7325 per outstanding share of common stock.Payable on May 12.Record date as on April 6.  Full Article

Raytheon Co secures contract from U.S. Air Force
Friday, 18 Mar 2016 08:00am EDT 

Raytheon Co:Says secures $573 million contract modification to exercise the option on a previously awarded contract for Advanced Medium Range Air-to-Air Missiles from U.S. Air Force.  Full Article

Raytheon Co must face $1 bln whistleblower lawsuit -US appeals court - Reuters News
Monday, 7 Mar 2016 02:20pm EST 

Raytheon Co:A U.S. appeals court on Monday revived a $1 billion lawsuit accusing defense contractor Raytheon Co of fraudulently overbilling the federal government under a contract to develop a weather sensor for a costly environmental satellite system - RTRS.By a 3-0 vote, the 9th U.S. Circuit Court of Appeals in Pasadena, California said the engineer Steven Mateski could pursue claims that Raytheon violated the federal False Claims Act for at least a decade starting in 2002.The court said Mateski's claims went beyond publicly disclosed problems in developing the National Polar-Orbiting Operational Environmental Satellite System, which suffered from delays and cost overruns, including problems outlined in a U.S. Government Accountability Office report from November 2005."If his allegations prove to be true, Mateski will undoubtedly have been one of those whistle-blowing insiders with genuinely valuable information, rather than an opportunistic plaintiff who has no significant information to contribute," Circuit Judge Michelle Friedland wrote for the appeals court.Raytheon is based in Waltham, Massachusetts, and did not immediately respond to requests for comment.Mateski's lawyer did not immediately respond to similar requests. Mateski alleged that Raytheon, his employer from 1997 to 2006, mismanaged its subcontract to develop the Visible Infrared Imaging Radiometer Suite sensor for the NPOESS, on which Northrop Grumman Corp NOC.N held the main contract.  Full Article

Raytheon Co gives FY 2016 guidance
Thursday, 28 Jan 2016 06:55am EST 

Raytheon Co:Expects FY 2016 net sales to be in the range of $24.0-$24.5 bln.Expects FY 2016 EPS from continuing operations in the range of $2.7-$3.0.  Full Article

Raytheon awarded $143 million contract for Rolling Airframe Missile Block 2
Monday, 11 Jan 2016 02:00pm EST 

Raytheon Co:Says The U.S. Navy awarded a $66.6 million firm-fixed-price contract for fiscal year 2016 for Rolling Airframe Missile (RAM) Block 2 guided missile round pack requirements.Work outlined in the contract is expected to be completed by February 2018.Says the contract was awarded in the fourth quarter of 2015, on Dec. 31.  Full Article

Raytheon Co awarded $255 million for DDG 1002
Monday, 4 Jan 2016 09:00am EST 

Raytheon Co:Has been awarded a $255,281,689 fixed-price-incentive firm target modification to a previously awarded contract to procure mission system equipment for the future USS Lyndon B. Johnson.Contract modification includes options which, if exercised, would bring the cumulative value of this award to $349,243,022.  Full Article

Raytheon Co secures $29.6 Million Contract for C-130 Radio Upgrades
Thursday, 10 Dec 2015 08:00am EST 

Raytheon Co:Says $29.6 million contract to install MXF-626K VHF Communications Systems on 178 C-130H Hercules aircraft.Upgrade ensures C-130 radios comply with newly adopted European Air Traffic Management requirements by providing 8.33 kilohertz (kHz) channel spacing in the range of 118 to 137 megahertz (MHzP).  Full Article

BRIEF-Harman International CEO Dinesh Paliwal elected to Raytheon board

* Paliwal is Chairman, President and Chief Executive Officer of Harman International Source text for Eikon: Further company coverage: