Hello, Guest!
  • Friday, November 22, 2024

Raytheon to Update Navy Close-In Weapon System Components Under $139M IDIQ Award

A Raytheon Technologies (NYSE: RTX) business unit has secured a nearly $139 million contract from the U.S. Navy to procure, repair, overhaul and update parts of a radar-guided gun system for defending against anti-ship missiles and aerial threats.

Under the three-year contract, Raytheon Missiles & Defense will also provider mini-stock point support for Close-In Weapon System components, the Department of Defense said Monday.

Naval Supply Systems Command Weapon Systems Support is the contracting activity and will issue a $44.2 million initial delivery order under the firm-fixed-price, indefinite-delivery/indefinite-quality contract.

Raytheon developed the Phalanx CIWS to help military customers target close-in threats at sea and counter adversarial systems on land.

Video of the Day

Related Articles

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted Financial Reports

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted

RTX (NYSE: RTX) has reported first quarter 2024 sales of $19.3 billion, a 12 percent increase from the prior-year period, and posted GAAP earnings per share of $1.28, up 32 percent compared to the previous year. In an earnings statement published Tuesday, RTX said it recorded $1.3 billion in gross proceeds from the divestiture of

Srini Dixit Appointed CAE Defense & Security CFO Executive Moves

Srini Dixit Appointed CAE Defense & Security CFO

Srini Dixit was named chief financial officer of CAE‘s defense and security business, joining the Arlington, Texas-located aviation services company from RTX‘s (NYSE: RTX) Raytheon subsidiary where he previously worked as vice president and CFO of its air power strategic business unit. He announced his appointment to the CAE Defense & Security executive leadership team

RTX Names Jeff Standerski as Mission 24 VP at Raytheon Executive Moves

RTX Names Jeff Standerski as Mission 24 VP at Raytheon

Jeff Standerski, an industry executive, has been appointed vice president for Mission 24 at RTX (NYSE: RTX) business Raytheon. He disclosed the move in a LinkedIn post published Monday. In this capacity, Standerski oversees transformation efforts at Raytheon with a focus on advancing program execution and business growth initiatives and improving operational productivity, according to