Key Developments: Raytheon Co (RTN)

RTN on New York Consolidated

23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Raytheon Co and Bumar Elektronika partner to Develop New Patriot IFF antenna
Thursday, 12 Jun 2014 03:00am EDT 

Raytheon Co:Says that it will partner with Bumar Elektronika on the design and development of a modernized Patriot Identification Friend or Foe (IFF) antenna.This new antenna is a key element of the advanced Patriot 360 degree radar proposed by Raytheon for Poland's medium-range air and missile defense system program named "WISLA".The component will also be compatible with previous Patriot configurations, allowing for future upgrades of the existing worldwide Patriot radar fleet.The initial agreement between the parties enables the respective engineering teams to begin work on defining the concept and could potentially lead to a multi-year design, development, test program and production contract.  Full Article

Raytheon Co secures $115.5 million Phalanx upgrade contract
Wednesday, 11 Jun 2014 08:00am EDT 

Raytheon Co:Says that the U.S. Navy awarded $115.5 million contract to remanufacture, overhaul and provide upgrades to Phalanx Close-in Weapon Systems.The CIWS is an integral element of the Navy's Fleet Defense In-Depth concept and the Ship Self-Defense Program.Work under the contract, which was signed during the second quarter 2014, is expected to be completed by Sep. 2017.  Full Article

Raytheon Co wins $298 mln for US Air Force FAB-T satellite terminal program
Monday, 2 Jun 2014 06:52pm EDT 

Raytheon Co:Says that it has been awarded a $298,000,044 firm-fixed-price and cost-plus-fixed-fee modification for Family of Advanced Beyond Line of Sight Terminals (FAB-T) Command Post Terminals (CPT) Production program.Says as a result of this down-select decision, low rate initial production, full rate production and interim contractor support contract options may be exercised to deliver FAB-T CPT-Only Terminals.Says phase 2 production contract options for LRIP, FRP, and ICS may be exercised after completion of Milestone C.Says work will be performed in Marlborough, Massachusetts and Largo, Florida.  Full Article

Raytheon Co declares quarterly cash dividend
Thursday, 29 May 2014 04:01pm EDT 

Raytheon Co:Declares quarterly cash dividend of $0.605 per outstanding share of common stock.Cash dividend is payable on Aug. 7 to shareholders of record as of the close of business on July 2.  Full Article

Raytheon Co's subsidiary secures north warning system operations and maintenance contract
Thursday, 15 May 2014 08:30am EDT 

Raytheon Co:Says its Raytheon Canada Limited has been awarded a five year contract by Public Works and Government Services Canada for operations and maintenance of the North Warning System.Contract also includes two options totaling an additional five years.  Full Article

Raytheon Co issues FY 2014 guidance below analysts' estimates
Thursday, 24 Apr 2014 07:03am EDT 

Raytheon Co:Expects FY 2014 revenue to be in the range of $22.5-$23.0 bln.Expects FY 2014 EPS from continuing operations in the range of $6.74-$6.89.Expects FY 2014 adjusted EPS in the range of $5.76-$5.91.FY 2014 revenue of $22.8 bln and EPS of $6.94 - Thomson Reuters I/B/E/S.  Full Article

International customer signs agreement with US government valued at $750 mln for Raytheon 's TOW missiles
Wednesday, 23 Apr 2014 07:30am EDT 

Raytheon Co:An international customer signed an agreement with US Government for foreign military sale (FMS) of tube-launched, optically tracked, wireless-guided (TOW) missiles to be supplied by Raytheon Co.Deal valued at about $750 mln.  Full Article

Raytheon secures contract for Paveway IV
Friday, 11 Apr 2014 08:00am EDT 

Raytheon Co:Receives contract from an international customer for Paveway IV precision guided bombs valued at more than $200 mln.As part of the sale Raytheon will deliver hundreds of the advanced munitions, which are regarded as the 'weapon of choice' for the Royal Air Force.  Full Article

Raytheon Co increases dividend by 10pct
Wednesday, 19 Mar 2014 05:45pm EDT 

Raytheon Co:Declares a quarterly cash dividend of $0.605 per outstanding share of common stock.Payable on May 1, to shareholders of record as of the close of business on April 2.  Full Article

Raytheon Co receives $350 million SM-3 Block IB contract
Thursday, 6 Mar 2014 04:00pm EST 

Raytheon Co:The Missile Defense Agency awarded the company $350 million to increase its procurement of Standard Missile-3 Block IB missiles from 8 to 44.Work will be performed in Tucson, Ariz., and Huntsville, Ala., through September 2016.  Full Article

Raytheon posts 13 percent profit rise, maintains outlook

- U.S. weapons maker Raytheon Co reported a 13 percent rise in second-quarter profit, helped by cost cutting and favorable pension adjustments, and maintained its full-year forecast.

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