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Raytheon Co (RTN)

RTN on New York Consolidated

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18 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Raytheon Co says Standard Missile-6 approved for international sales
Tuesday, 10 Jan 2017 12:10pm EST 

Raytheon Co : Standard Missile-6 approved for international sales .U.S. Department of defense has approved release of co's Standard Missile-6.  Full Article

Raytheon plans to expand in Southern Arizona
Friday, 18 Nov 2016 11:04am EST 

Raytheon Co : Raytheon plans Southern Arizona expansion .Partners in expansion initiative include Arizona governor Doug Ducey, Arizona Commerce Authority, Pima County, City Of Tucson.  Full Article

Raytheon Q3 shr continuing operations $1.79
Thursday, 27 Oct 2016 06:55am EDT 

Raytheon Co : Raytheon says q3 earnings per share from continuing operations $1.79; q3 net sales $6.03 billion, up 4.3 percent . Raytheon says increased guidance for fy 2016 earnings per share from continuing operations to $7.28 - $7.38 from $7.13 - $7.33 . Raytheon sees fy 2016 net sales $24.2 billion - $24.5 billion . Raytheon says q3 bookings of $6.9 billion versus $5.3 billion last year . Raytheon says backlog at q3-end was $35.8 billion , up about $2.2 billion; funded backlog at q3-end was $25.7 billion, up about $1.3 billion . Raytheon says q3 earnings per share from continuing operations included favorable fas/cas adjustment of $0.23 versus adjustment of $0.09 last year . Q3 earnings per share view $1.66, revenue view $6.04 billion -- Thomson Reuters I/B/E/S .Fy2016 earnings per share view $7.41, revenue view $24.45 billion -- Thomson Reuters I/B/E/S.  Full Article

Raytheon says Javelin Joint Venture team signed LOI with Tata Power Company
Wednesday, 31 Aug 2016 08:00am EDT 

Raytheon Co : Javelin JOINT VENTURE team, a partnership between Raytheon Company and Lockheed Martin, signed a LOI with Tata Power Company Limited . Development and production of javelin anti-armor missile system .Says Javelin Joint Venture (JJV) and Tata Power Sed will create a strategy to co develop and produce Javelin Missile System.  Full Article

Raytheon awarded US Navy enterprise air surveillance radar contract
Friday, 19 Aug 2016 05:43pm EDT 

Raytheon Co : Raytheon awarded US Navy enterprise air surveillance radar contract . Contract includes options which, if exercised, would bring cumulative value of contract to $723.1 million .Awarded $92.1 million cost-plus-incentive-fee contract for engineering and manufacturing development of enterprise air surveillance radar.  Full Article

Raytheon receives first contract to build naval strike missile launchers in US
Wednesday, 17 Aug 2016 12:00pm EDT 

Raytheon Co : Also plans to perform final assembly, integration and test of naval strike missile at Raytheon's Tucson, Arizona facility .Raytheon receives first contract to build naval strike missile launchers in the us.  Full Article

Raytheon signs commercial performance based logistics contract with Ruag Switzerland Ltd
Friday, 29 Jul 2016 08:00am EDT 

Raytheon Co : Five-Year agreement to service alr-67(v)3, a digital radar warning receiver, for Swiss government .Signed its first commercial performance based logistics contract with Ruag Switzerland Ltd.  Full Article

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

BRIEF-Raytheon Co says Standard Missile-6 approved for international sales

* U.S. Department of defense has approved release of co's Standard Missile-6 Source text for Eikon: Further company coverage: