Key Developments: Raytheon Co (RTN.N)

RTN.N on New York Stock Exchange

30 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Raytheon Co awarded $130 mln to convert Massachusetts to electronic highway tolling system
Wednesday, 13 Aug 2014 08:30am EDT 

Raytheon Co:Says Massachusetts Department of Transportation awarded Raytheon Company a $130 mln contract for an All Electronic Tolling System (AETS).Raytheon and team of Massachusetts-based companies will convert and replace all manual cash and electronic toll collection systems with an advanced system that will automatically toll vehicles as they travel under a gantry similar to an overhead sign.Drivers will be able to pass through toll station at highway speeds without the need to slow down or stop.AETS will reduce congestion, travel times and vehicle emissions from stop and go driving at existing toll plazas.Vehicles equipped with existing E-ZPass transponders will work on the new AETS.system will perform Image Based Tolling (IBT) at highway speeds on non EZ-Pass vehicles and send a toll invoice to registered owner of vehicle.  Full Article

Raytheon receives $11 mln to develop directed energy technology for light vehicle deployment
Wednesday, 13 Aug 2014 08:00am EDT 

Raytheon Co:Says laser weapon systems moved a step closer to reality with the award of an $11 mln contract to the company.To develop a vehicle-based laser device capable of defeating low-flying threats such as enemy drones.  Full Article

Raytheon Co and UMass Lowell establish institute to inspire technology innovations and knowledge sharing
Tuesday, 12 Aug 2014 08:00am EDT 

Raytheon Co and University of Massachusetts Lowell:Says agreement to establish joint research facility focused on the advancement of innovative technologies in a collaborative, institute.Raytheon is committing $3 mln with options to $5 mln throughout the next 10 years for establishment of this research facility.  Full Article

Raytheon Co's Excalibur Ib awarded contract
Thursday, 31 Jul 2014 08:00am EDT 

Raytheon Co:Company's Excalibur Ib precision guided projectile has entered full rate production.U.S. Army approval of FRP completes Excalibur Ib's low rate initial production phase.Additionally, U.S. Army has awarded Raytheon $52 mln for continued Excalibur Ib production.  Full Article

Raytheon Co announces chairman change
Monday, 28 Jul 2014 09:14am EDT 

Raytheon Co:Appoints Thomas A. Kennedy as Chairman of the Board of Raytheon company effective Oct. 1, 2014.This action follows notice to the Board by William H. Swanson, Raytheon's current Chairman of the Board, of his retirement from the company effective Sept. 30.  Full Article

Poland's TELDAT signs letter of intent with Raytheon
Monday, 28 Jul 2014 03:00am EDT 

Raytheon Co:Signs a Letter of Intent with Poland's TELDAT to cooperate in mutually beneficial business opportunities related to Poland's air defense architecture, as well as exports to global markets.Companies will examine areas for partnership in IP-based networking solutions, software and devices, Militarized communications equipment, Command and control software and System integration, verification and validation testing.  Full Article

Raytheon Co reaffirms FY 2014 outlook
Thursday, 24 Jul 2014 07:04am EDT 

Raytheon Co:Expects FY 2014 net sales in the range of 22.5 - 23.0 bln.Expects FY 2014 adjusted EPS in the range of $5.76 - $5.91.Expects FY 2014 EPS from continuing operations in the range of $6.74 - $6.89.FY 2014 revenue of $22.7 bln, EPS of $6.80 - Thomson Reuters I/B/E/S.  Full Article

Raytheon Co declares quarterly cash dividend
Wednesday, 23 Jul 2014 06:45pm EDT 

Raytheon Co:Says that it has declared a quarterly cash dividend of $0.605 per share of common stock.Says the cash dividend is payable on Oct. 30, 2014, to shareholders of record as of the close of business on Oct. 1, 2014.  Full Article

Raytheon Co to provide torpedo integration on Alenia Aermacchi aircraft for Turkish Navy
Thursday, 17 Jul 2014 03:00am EDT 

Raytheon Co:Will serve as weapons integrator for Italian aircraft manufacturer Alenia Aermacchi, providing 31 months of engineering services support for integration of MK 54 and MK 46 torpedoes onto the Alenia Aermacchi ATR-72-600ASW maritime patrol aircraft.It received a $5.7 million contract to support Alenia Aermacchi's test, integration and qualification for the external carriage and tactical employment of the lightweight torpedoes.  Full Article

US Army awards Raytheon Co contract for Patriot
Wednesday, 16 Jul 2014 03:00am EDT 

Raytheon Co:Received a $235.5 million contract for Radar Digital Processor (RDP) kits to upgrade the combat-proven Patriot Air and Missile Defense System for the US and two partner nations.  Full Article

Raytheon beats on earnings despite drop in sales

WASHINGTON - Raytheon Co on Thursday beat analysts' forecasts for third-quarter earnings despite a bigger-than-expected drop in revenue, and the U.S. weapons maker said its bookings pointed to renewed sales growth in coming years.

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