|03/06/14||Raytheon receives $350 million SM-3 Block IB contract|
|TUCSON, Ariz., March 6, 2014 /PRNewswire/ -- The Missile Defense Agency awarded Raytheon Company (NYSE: RTN) $350 million to increase its procurement of Standard Missile-3 Block IB missiles from 8 to 44.
The SM-3 is designed to destroy incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space, a concept sometimes described as "hitting a bullet with a bullet."
The work will be performed in Tucson, Ariz., and Huntsville, Ala., through Septemb... |
|03/04/14||Raytheon partners with NCCDC to become the title sponsor of nation's largest cyber tournament for college students|
|Competition builds skills and inspires next generation of cyber leaders
DULLES, Va., March 4, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced a three-year partnership as the title sponsor of the Raytheon National Collegiate Cyber Defense Competition (NCCDC). In addition to being the title sponsor of the national championship, held April 25-27 in San Antonio, Texas, the company will also sponsor various regional competitions across the country. More than 180 colleges and universi... |
|03/03/14||Raytheon awarded $35 million minehunting sonar contract|
|Advanced mine detection solution to counter prevalent undersea threats
TEWKSBURY, Mass., March 3, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded $35.5 million to provide the U.S. Navy with AN/AQS-20A minehunting sonar systems and equipment. The system leverages advanced sonar technologies to support the Navy's critical minehunting missions, ensuring safe access and passage for military and civilian vessels on the world's oceans and waterways.
Deployed from the Litto... |
|03/03/14||Raytheon and PASSUR to provide improved airspace and airport efficiency|
|Powerful new collaboration puts data to work to benefit passengers, airlines and airport authorities
TEWKSBURY, Mass., March 3, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and PASSUR Aerospace (OTC: PSSR) are collaborating on solutions to improve the predictability of air travel, increase efficiencies for airlines, and create a safer, more hassle-free travel experience for passengers. The cooperative agreement includes the integration of PASSUR's business analysis and predictive analy... |
|03/03/14||Raytheon awarded $655 million contract for Patriot|
|Kuwait upgrades defenses with world's most advanced air and missile defense technology
TEWKSBURY, Mass., March 3, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a $655 million contract for new-production fire units of the combat-proven Patriot Air and Missile Defense System for Kuwait. These units are an addition to the Patriot fire units Kuwait currently owns to counter current and evolving threats.
Awarded by the U.S. Army Aviation and Missile Command, Redstone Arsenal... |
|02/28/14||Raytheon receives $185 million contract modification on JPSS Common Ground System|
|Raytheon to provide improved information assurance and faster data delivery to weather and environmental satellite program
AURORA, Colo., Feb. 28, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) received a $185 million modification from NASA on its current Joint Polar Satellite System (JPSS) Common Ground System (CGS) contract, which is intended to increase the capability and capacity of National Oceanic and Atmospheric Administration's (NOAA) three satellites that support the JPSS missio... |
|02/27/14||Raytheon, U.S. Navy test Tomahawk Block IV's latest communications upgrades|
|Flight test validates cruise missile's evolutionary technology
TUCSON, Ariz., Feb. 27, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and the U.S. Navy have successfully tested communications advancements to the Tomahawk Block IV cruise missile.
During a Feb. 19 flight test, a Raytheon-built Tomahawk Block IV missile, launched from the USS Sterett, flew a preprogrammed route while receiving updates from a simulated maritime operations center and from advanced off-board sensors updatin... |
|02/25/14||Raytheon continues to drive GaN evolution through cutting edge innovation|
|Latest developments yield unprecedented performance for defense systems
TEWKSBURY, Mass., Feb. 25, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced today that under the DARPA Microsystems Technology Office (MTO) Wide Bandgap Semiconductor Program, the company has systematically matured Gallium Nitride (GaN) from basic material to transistors, Monolithic Microwave Integrated Circuits (MMICs), Transmit/Receive (T/R) Modules and finally Transmit/Receive Integrated Multic... |
|02/24/14||Raytheon awarded $123 million Phalanx contract from Republic of Korea|
|Systems to go aboard FFX-, AOE II-class ships
TUCSON, Ariz., Feb. 24, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) signed a $123 million contract to deliver nine Phalanx Block 1B Close-In Weapon Systems to the Republic of Korea Navy.
(Photo: http://photos.prnewswire.com/prnh/20140224/NE66690 )
Under the direct commercial sale, the largest ever for the Phalanx program, Raytheon will deliver the Phalanx systems for installation aboard the FFX Batch II frigate-class ships and AOE ... |
|02/21/14||WGBH, Raytheon launch nationwide PBS LearningMedia program integrating engineering in K-12 classrooms|
|Industry leaders unite to help teachers educate next generation of engineers
WALTHAM, Mass., Feb. 21, 2014 /PRNewswire/ -- In recognition of National Engineers Week, WGBH and Raytheon Company (NYSE: RTN) – the Waltham, Mass.-based technology and innovation leader – have partnered to build a new collection of media-rich resources for K-12 educators that teach to the Next Generation Science Standards (NGSS). The collection – "Teaching NGSS Engineering Design Through Media" – is now available ... |
|02/20/14||Raytheon's Rebecca Rhoads inducted into Cal Poly Pomona College of Engineering 2014 Hall of Fame|
|Raytheon GBS President and CIO champion of diversity, women and STEM
WALTHAM, Mass., Feb. 20, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is proud to congratulate Rebecca Rhoads, president, Global Business Services (GBS) and chief information officer, on her induction into California State Polytechnic, Pomona, College of Engineering's 2014 Hall of Fame. Appropriately, the public hall of fame event will be held today on National Engineers Week's "Girl Day."
Rhoads is one of 22 indu... |
|02/20/14||Celebrating 'Girl Day': Raytheon introduces girls to engineering|
|Live events and hands-on activities designed to inspire young women to pursue a career in engineering
WALTHAM, Mass., Feb. 20, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will introduce girls across the country to engineering with a series of MathMovesU® events designed to inspire young women to study science, technology, engineering and math (STEM). By showcasing their personal connections to math and science, Raytheon mentors hope to encourage young women to pursue careers in engine... |
|02/19/14||Raytheon demonstrates Griffin Block III missile|
|New variant provides improved performance, accuracy
CHINA LAKE, Calif., Feb. 19, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) demonstrated its latest variant of the combat-proven Griffin® missile, the Griffin Block III, throughout a series of test shots culminating in several direct hits against a variety of static and moving targets.
"The Griffin is already well known for its ability to destroy targets with pin-point accuracy using an advanced GPS and semi-active laser guidance. T... |
|02/18/14||Raytheon kicks off 15th year of GaN innovation|
|Leading remarkable advancements in power and performance for warfighters
TEWKSBURY, Mass., Feb. 18, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has embarked on its fifteenth year of pioneering the development and system integration of gallium nitride (GaN) technology. In 1999, Raytheon commenced research in GaN at the Raytheon Foundry in Andover, Mass. Today, Raytheon remains at the forefront of GaN innovation, demonstrating the maturity of the technology which significantly extends ... |
|02/17/14||Raytheon brings engineering to life for thousands of students across the nation|
|Week of celebration spotlights the importance of opening the engineering pipeline for women with Girl Day, Feb. 20
WALTHAM, Mass., Feb. 17, 2014 /PRNewswire/ -- Building parachutes, rockets and optical sensors are just a few of the activities Raytheon Company (NYSE: RTN) has planned for students across the country as it kicks off its nationwide celebration of National Engineers Week (Feb. 16-22). The weeklong festivities will showcase the positive impact of engineers on society and bring sc... |
|02/11/14||Poland invites Raytheon to participate in round two of WISLA technical dialogues|
|Company explores partnership opportunities with Polish industry
TEWKSBURY, Mass., Feb. 11, 2014 /PRNewswire/ -- Poland's Ministry of National Defense announced the start of phase two of a technical dialogue regarding their national medium-range air and missile defense system, named "WISLA". Raytheon is one of five parties shortlisted for the continuing dialogue.
(Photo: http://photos.prnewswire.com/prnh/20140211/NE61678-INFO )
According to Poland's announcement, the second stage aims ... |
|02/11/14||Raytheon establishes new electronic warfare mission area|
|Combines technologies and capabilities to support customers' future vision of EW
EL SEGUNDO, Calif., Feb. 11, 2014 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) Space and Airborne Systems business has announced the combination of several of its electronic warfare (EW) programs into a new mission area called Electronic Warfare Systems, based at the company's El Segundo, Calif. campus. The portfolio contains the following:
Next Generation Jammer
EW Self Protection Systems
EW Communi... |
|02/10/14||Raytheon receives $31 million Maverick missile contract from South Korea|
|Sale adds to South Korea's existing inventory of Mavericks
SINGAPORE, Feb. 10, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded a $31 million contract from the Korean Defense Acquisition Program Administration for additional AGM-65G-2 Maverick missiles. Under the direct commercial sale, Raytheon will supply the missiles to the Republic of Korea Air Force.
"These new Mavericks will provide the Republic of Korea Air Force with additional firepower and will add to South Korea'... |
|02/07/14||Raytheon's Excalibur Ib demonstrates production maturity and effectiveness in milestone test event|
|Exceeds performance requirements, verifies production readiness
NEW DELHI, Feb. 7, 2014 /PRNewswire/ -- The U.S. Army and Raytheon Company (NYSE: RTN) successfully fired 30 GPS-guided Excalibur Ib projectiles during an extensive First Article Test series at Yuma Proving Ground, Arizona. This test series validated performance and reliability of the Excalibur Ib production configuration, and moves the program toward full-rate production.
"Excalibur gives the warfighter a pinpoin... |
|02/06/14||GAGAN System reaches certification milestone in India|
|Indian airspace equipped with the most advanced GPS technology for civil aviation
NEW DEHLI, Feb. 6, 2014 /PRNewswire/ -- The GPS-Aided Geo Augmented Navigation (GAGAN) system jointly developed by Airports Authority of India, the Indian Space Research Organization and Raytheon (NYSE: RTN) has achieved certification level Required Navigation Performance (RNP) 0.1. Civil aircraft in Indian airspace will now have access to more precision navigation data than ever before. The GAGAN system is a ... |
|02/06/14||Raytheon awarded DARPA contract to research and develop new approach to cyber mission execution|
|DARPA's Plan X is creating potentially revolutionary technologies for DoD cyber mission operations
DULLES, Va., Feb. 6, 2014 /PRNewswire/ -- Raytheon (NYSE: RTN) was awarded a $9.8 million contract by the Defense Advanced Research Projects Agency (DARPA) as part of its Plan X program, which seeks to help U.S. government agencies plan, execute and assess cyber network operations. Raytheon's research and development is focused on enabling the Department of Defense (DoD) to predictably and rap... |
|02/05/14||Raytheon marks delivery of 2000th Griffin missile|
|Warfighter receives newest variant
TUCSON, Ariz., Feb. 5, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has produced and delivered its 2,000th Griffin Missile. Griffin production began in 2008 as a response to customer requests for a light, reliable, tactical weapon capable of precisely destroying targets with limited collateral damage. The production milestone also highlights 70 consecutive months of on-time or early Griffin deliveries to the warfighter.
"The Griffin Missile has... |
|02/04/14||Raytheon to begin Phase 3 on DARPA Persistent Close Air Support program|
|PCAS designed to provide quicker close air support for ground troops
TUCSON, Ariz., Feb. 4, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is beginning Phase 3 of the Defense Advanced Research Projects Agency's Persistent Close Air Support (PCAS) program. DARPA has exercised its Phase 3 option with Raytheon, an 18-month, $25.5 million effort scheduled to culminate in a series of flight tests and live-fire demonstrations.
PCAS software could enable ground troops to receive close air ... |
|01/31/14||Raytheon urges more transatlantic industry cooperation|
|International CEO addresses Munich Security Conference
MUNICH, Jan. 31, 2014 /PRNewswire/ -- Speaking at the 50th Munich Security Conference today, Raytheon International Inc. CEO, John D. Harris II, urged participants to consider new opportunities for greater transatlantic industrial cooperation, saying, "We need to pursue initiatives that deliver greater cost efficiencies in a way that maintains and improves our defense capabilities."
Harris made his remarks during a panel on the futur... |
|01/30/14||Raytheon Reports Solid Fourth Quarter and Full-Year 2013 Results|
|-- Fourth quarter 2013 net sales of $5.9 billion; full-year net sales of $23.7 billion, down 2.9 percent for the year
-- Fourth quarter Adjusted Operating Margin1 of 13.1 percent; full-year Adjusted Operating Margin1 of 13.4 percent, up 10 basis points for the year
-- Fourth quarter reported operating margin of 12.1 percent; full-year reported operating margin of 12.4 percent, up 20 basis points for the year
-- Fourth quarter Adjusted EPS1 of $1.58; full-year Adjusted EPS1 of $6.38, up ... |
|01/27/14||US Navy confirms its selection of Raytheon for Next Generation Jammer Electronic Warfare Program|
|EL SEGUNDO, Calif., Jan. 27, 2014 /PRNewswire/ -- Following the US Navy's confirmation of its Next Generation Jammer contractor, Raytheon Company (NYSE: RTN) announced today it is ready to resume work on this critical electronic attack program for the warfighter.
"We commend the GAO's thorough assessment of this contract award and the US Navy's re-evaluation that has solidified us as the provider of the world's Next Generation Jammer program," said Rick Yuse, president of Raytheon's Space and... |
|01/24/14||Raytheon secures first international customer for its F-16 RACR AESA radar|
|Contract signed with BAE Systems to provide South Korea integrated AESA radar, electronic warfare, mission computing technologies and weapon systems integration
EL SEGUNDO, Calif., Jan. 24, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has signed a contract with BAE Systems in support of upgrading the Republic of Korea's fleet of more than 130 KF-16C/D Block 52 aircraft. As a key subcontractor to BAE Systems, the company will provide an integrated solution that includes the Raytheon Adv... |
|01/23/14||Raytheon receives contract for Ground Based Air Defense System for Oman|
|Sultanate becomes seventh NASAMS customer and the first in the Gulf region
TEWKSBURY, Mass., Jan. 23, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a direct commercial sales contract from The Sultanate of Oman for the National Advanced Surface-to-Air Missile System (NASAMS). The award, valued at $1.28 billion, includes ground support equipment, a full training package, and technical assistance. NASAMS is the trusted system that protects critical assets in six nations, incl... |
|01/21/14||Raytheon, French Air Force complete Enhanced Paveway™ II GBU-50 demonstration|
|Weapon delivers superior accuracy, reliability
PARIS, Jan. 21, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and the French Air Force completed a demonstration of a penetrator variant of a Paveway™ GBU-50 from a Mirage 2000D multirole fighter jet. The weapon met all flight objectives and scored a direct hit against a reinforced concrete slab.
"Raytheon is committed to delivering GBU-50's unique capabilities to our French customer, " said Mike Jarrett, vice president of Air Warfare Sy... |
|01/21/14||Raytheon Company to release 2013 fourth quarter and full-year results on Jan. 30, 2014|
|WALTHAM, Mass., Jan. 21, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will issue its 2013 fourth quarter and full-year earnings news release at 7 a.m. EST Thursday, Jan. 30, 2014. The release will be posted on Raytheon's website.
The 2013 fourth quarter and full-year earnings results conference call will be at 9 a.m. EST Thursday, Jan. 30, 2014. The call will be audiocast on the Internet at www.raytheon.com/ir. Charts to be referenced during the call will be available on the website for... |
|01/15/14||Raytheon Announces William H. Swanson to Step Down as Chief Executive Officer; Board appoints Dr. Thomas A. Kennedy Chief Executive Officer Effective March 31, 2014; Board also appoints Dr. Kennedy to the Raytheon Company Board of Directors Effective January 15, 2014|
|WALTHAM, Mass., Jan. 15, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced today that its Board of Directors has elected Dr. Thomas A. Kennedy, age 58, to serve as the Chief Executive Officer of Raytheon Company, effective March 31, 2014. Dr. Kennedy will succeed William H. Swanson, who has served as the Chief Executive Officer of Raytheon Company since 2003, and who advised the Board of his intention to step down from his position as Chief Executive Officer in March, following his 65... |
|01/15/14||Raytheon, L-3 demonstrate new ship protection system|
|Small-ship solution will counter swarming-boat threats
YUMA PROVING GROUND, Ariz., Jan. 15, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and L-3 Communications successfully fired Raytheon TALON laser-guided rockets from an L-3 remote weapon station using an LAU-68 launcher. The test demonstrated that the lightweight remote weapon system can provide protection for small ships by incorporating the currently fielded launcher, sensor systems and TALON missiles.
(Photo: http://photos.prn... |
|01/15/14||Call for Nominations: Raytheon to award grants to math teachers nationwide to support STEM education|
|MathMovesU® award and grant programs recognize educators for innovative teaching methods
WALTHAM, Mass., Jan. 15, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will recognize middle and high school math teachers across the country for their commitment to science, technology, engineering and math (STEM) education through grants to support their work in the classroom.
Raytheon's MathMovesU® program invites all members of the community to recognize inspirational math teachers and coache... |
|01/15/14||Raytheon-Zumwalt scholarship honors U.S. Navy legends|
|A tribute to the revolutionary contributions of the man and the ship-class that bears his name
WASHINGTON, Jan. 15, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announces the Raytheon – Zumwalt Scholarship, established in honor of Admiral Elmo R. "Bud" Zumwalt, Jr., Chief of Naval Operations (1970 – 1974), and the next-generation multimission destroyer, the DDG 1000 class, which aptly bears the Zumwalt name.
Established through the Anchor Scholarship Foundation, Raytheon has funded... |
|01/14/14||Raytheon delivers 3000th Tomahawk Block IV to US Navy|
|Latest variant is cruise missile gold standard
TUCSON, Ariz., Jan. 14, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) delivered the 3000th Tomahawk Block IV missile to the U.S. Navy as part of its ninth Block IV full-rate FY12 production contract.
The U.S. Navy continues to purchase Tomahawk missiles via the FY13 budget, and negotiations are ongoing for next year's production contract.
The Block IV missile design was initiated as both a cost savings and a capability improvement ... |
|01/13/14||Raytheon receives $156 million SM-3 contract|
|TUCSON, Ariz., Jan. 13, 2014 /PRNewswire/ -- The Missile Defense Agency awarded Raytheon Company (NYSE: RTN) an undefinitized contract action (UCA) valued at $156 million for the procurement of Standard Missile-3 Block IB guided missiles.
The SM-3 missile is designed to destroy incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space, a concept sometimes described as "hitting a bullet with a bullet." More than 155 SM-3s have been delivered to... |
|01/13/14||Raytheon resumes work on U.S. Navy Air & Missile Defense Radar|
|TEWKSBURY, Mass., Jan. 13, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a resume work order from the U.S. Navy to commence development of the new Air and Missile Defense Radar. The order followed the official Government Accountability Office update of its database to reflect the status of the AMDR contract award protest as withdrawn.
On October 10, 2013, Raytheon was awarded a $385,742,176 cost-plus-incentive-fee contract for the engineering and modeling development phase d... |
|01/09/14||Bringing engineering to life in the classroom: Raytheon awards scholarships to 32 teachers nationwide|
|Engineering is Elementary program promotes science, technology, engineering and math (STEM) concepts
WALTHAM, Mass., Jan. 9, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) today announced the recipients of the 2013 Raytheon-Engineering is Elementary® (EiE) Teacher Scholarship Program. The 32 elementary school teachers from across the nation received awards of $2,500 each to support the implementation of EiE, an innovative engineering curriculum, in their classrooms.
Developed at the M... |