Key Developments: Raytheon Company (RTN)
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19 Mar 2010
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$56.87
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$35.03
Latest Key Developments
Raytheon Co. Receives $12 Million For Patriot Missile Field Surveillance Program
Raytheon Co. announced that it was awarded $11.9 million to provide material and technical services in support of the Patriot Missile Field Surveillance program. This contract from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is a modification to a three year contract awarded to Raytheon in January 2008 for the Patriot Air and Missile Defense System. Under the contract modification, Raytheon will continue to support the manufacture, assembly and testing of Patriot missiles through 2010. Work for this contract will be performed by Raytheon IDS at the Integrated Air Defense Center, Andover, Mass.; IDS Headquarters, Tewksbury, Mass.; Raytheon Technical Services Company, Burlington, Mass.; Red River Army Depot, Texarkana, Texas; and Letterkenny Army Depot, Chambersburg, Pa.
Raytheon Co. Receives $152 Million For Patriot Engineering Services
Raytheon Co. announced that it has been awarded a $152.4 million contract modification to provide engineering services for the Patriot Air and Missile Defense System. This contract from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is the second of four annual modifications to the original 2009 baseline contract for Patriot engineering services. Under the contract, Raytheon will continue to provide the latest upgrades and system capabilities through systems analysis, software and hardware engineering, and testing and logistics support to both U.S. and international Patriot customers. Work for this contract will be performed by Raytheon IDS at the Integrated Air Defense Center, Andover, Mass.; IDS Headquarters, Tewksbury, Mass.; the Warfighter Protection Center, Huntsville, Ala.; and the Mission Capability Verification Center, White Sands, N.M.
Raytheon Co. To Enhance Air Traffic Management Systems In India
Raytheon Co. announced that it has been awarded a contract by the Airports Authority of India to automate air traffic control services at the Chennai International Airport. Raytheon will install AutoTrac III, its air traffic management system, to help reduce delays in aircraft arrival and departure. The new system will also have real-time meteorological information to assist air traffic controllers in adjusting to changing weather conditions. In addition to the Chennai International Airport, Raytheon is upgrading air traffic management systems at the Chhatrapati Shivaji International Airport in Mumbai and at the Indira Gandhi International Airport in New Delhi.
Raytheon Co. Wins $886 Million Contract To Develop GPS Control Segment
Raytheon Co. announced that The U.S. Air Force has selected Raytheon for an initial contract of $886 million to develop a new element of the Global Positioning System to improve the accuracy of information from GPS satellites. The contract represents the first two development blocks of the advanced control segment (OCX), which will have a significant impact on GPS capabilities. The OCX will include anti-jam capabilities and improved security, accuracy and reliability and will be based on a modern service-oriented architecture to integrate government and industry open-system standards.
Raytheon Co. To Provide Improved Track Correlation And Fusion Capability
Raytheon Co. announced that it has been awarded a $4.8 million contractto develop and install a system that will provide improved intelligence and information sharing to the Joint Interagency Task Force-South (JIATF-S). Raytheon will provide JIATF-S with a track correlation system consisting of a multisensor correlation, intelligence fusion, and information-sharing capability as part of the Joint Operations Center modernization project known as JOC 2010. Raytheon was awarded the contract by the Department of Defense's Counter-Narcoterrorism Program Office that includes a base and two options, valued at nearly $4.8 million, with a total potential value of $6.6 million.
Raytheon Company Teams With Larsen & Toubro Limited On T72 Tank Upgrade Proposal
Larsen & Toubro Limited (L&T) and Raytheon Company announced teaming up in a L&T lad proposal submitted to upgrade Indian Army T72 tanks. Under proposal, Raytheon will provide infrared imaging sights and electronics that will greatly improve target accuracy and overall system lethality on the battled for T72 tank battalions. L&T will provide fire control system, sensors, and will accomplish the final integration along with the customers support.
Raytheon Co. Secures $58 Million For Patriot Tactical Missile Upgrades
Raytheon Co. announced that it has been awarded a $58.2 million contract for Patriot Guidance Enhanced Missile-Tactical, or GEM-T, missiles. The U.S. Army Aviation and Missile Command (AAMCOM), Redstone Arsenal, Ala., issued the contract to upgrade 124 Patriot Advanced Capability-2 missiles to the configuration. This is a follow-on contract issued as part of AAMCOM's Patriot missile continuous technology refreshment program initiated in 2000.
U.S. Air Force Awards Raytheon Co. $170 Million Contract For Infrared-Guided Maverick Missiles
Raytheon Co. announced that the U.S. Air Force has awarded the Company a $170 million Foreign Military Sales contract to produce AGM-65D and AGM-65G2 infrared-guided Maverick air-to-surface missiles for the United Arab Emirates. The AGM-65 Maverick family of precision-attack missiles is used by the air, naval and marine forces of 33 countries. More than 69,000 missiles have been produced to date, and more than 6,000 have been used in combat with a 93% success rate. Raytheon will build and provide life-cycle support for more than 500 new missiles.
Raytheon Co. Reaffirms FY 2010 Guidance
Raytheon Co. reaffirmed fiscal 2010 guidance and expects net sales of $25.9-26.4 billion, earnings per share (EPS) from continuing operation of $4.75-$4.90 and FAS/CAS adjusted EPS of $5.13-$5.28 compared to prior range of $5.16-$5.31. According to Reuters Estimates, analysts are expecting the Company to report revenues of $26.2 billion for fiscal 2010.
Raytheon Co.'s Raytheon BBN Technologies To Protect Military Networks Against Malicious Cyberattacks
Raytheon Co. announced that Raytheon BBN Technologies has been awarded a $2.9 million contract by the Air Force Research Laboratory to develop new approaches to better protect Department of Defense Service-Oriented Architectures (SOA) against malicious attacks. Raytheon BBN Technologies is a wholly owned subsidiary of Raytheon Co.
UPDATE 1-Wartsila signs navigation tech deal with Raytheon
HELSINKI, March 19 (Reuters) - Finnish engineering firm Wartsila has signed a navigation technology deal with the German unit of Raytheon , the company said on Friday, but did not disclose the value of the deal.
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