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Raytheon Co (RTN.N)

RTN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Raytheon expects international customers to account for 35 pct of 2016 bookings - Conf Call
Thursday, 28 Jul 2016 10:08am EDT 

Raytheon Co : Says continue to see strong demand for integrated air missile defense solutions, precision munitions, and C5ISR capability . Says this demand has been broad-based across the European, Middle East and Asia Pacific regions . Says expects international to account for about 35 pct of total bookings in 2016 . Says investment in factory automation and equipment upgrades paid off in Q2 and drove margin improvement . Says raising FY 2016 bookings outlook to $26 bln (plus or minus $500 mln) from $25 bln-$26 bln previously . Says don't see any significant impact from Brexit . Says expect to see margin improvement in IDS biz continuing into 2017 Further company coverage: [RTN.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Raytheon, Thales modify ThalesRaytheonSystems joint venture structure
Friday, 1 Jul 2016 12:28pm EDT 

Raytheon Co : Raytheon and Thales modify ThalesRaytheonSystems joint venture structure . Raytheon made a cash payment to Thales in amount of $90 million . Company structure transitions are effective immediately . Will be recording a tax free gain of approximately $150 million in its Q2 financial results . Says ThalesRaytheonSystems joint venture has been restructured to focus solely on NATO agencies and NATO member nations . Former TRS LLC - US operations is now a wholly-owned subsidiary of Raytheon, Raytheon Command and Control Solutions . Former TRS SAS - French operations is now a wholly-owned subsidiary of Thales .Ground-Based radars,non-ACCS-related air command,control systems currently within jv portfolio will transition to parent companies.  Full Article

Raytheon, Aerojet Rocketdyne sign sourcing agreement
Tuesday, 7 Jun 2016 08:00am EDT 

Raytheon Co , Aerojet Rocketdyne : Raytheon, Aerojet Rocketdyne sign new strategic sourcing agreement . Aerojet Rocketdyne will act as principal and long-term supplier of its legacy portfolio of propulsion systems and energetics products for key weapons programs .Raytheon says as part of agreement, two companies will jointly pursue affordability initiatives through 2019.  Full Article

Raytheon files for potential mixed shelf, size not disclosed - SEC filing
Monday, 6 Jun 2016 05:29pm EDT 

Raytheon Co :Raytheon Co files for potential mixed shelf, size not disclosed - SEC filing.  Full Article

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

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