The Naval Air Systems Command has awarded Pratt and Whitney a $4.38 billion contract modification to manufacture engines for the U.S. military’s 15th and 16th F-35 production lots. The Raytheon Technologies-owned (NYSE: RTX) engine builder will provide a total of 152 F135-PW-100 turbofans to the U.S. Air Force, Navy and Marine Corps, the Depar...
Shareowners in Raytheon Technologies (NYSE: RTX) will receive a quarterly dividend of 55 cents from the company on Sept. 8. Raytheon said Monday its board of directors approved the payment to stockholders of record as of Aug. 19, 2022. The aerospace and defense contractor expects to return $20 billion of capital to shareholders in the...
Raytheon Technologies (NYSE: RTX) has selected Arlington, Virginia, as the location of its new global headquarters as part of efforts to strengthen partnerships to develop novel technologies and improve its agility in supporting customers in U.S. government and commercial aerospace markets. The Waltham, Massachusetts-based defense contractor said Tu...
Raytheon Technologies (NYSE: RTX) has elevated Jeffrey Schrader from his post as vice president at its intelligence and space business to president of SEAKR Engineering and Blue Canyon Technologies. Schrader, who made the announcement via LinkedIn post, brings to his new leadership role at the Raytheon subsidiaries years-long experience in defense a...
A team of General Dynamics’ (NYSE: GD) mission systems business and Iridium Communications (Nasdaq: IRDM) has received a potential $324.5 million contract from the Space Development Agency to build, operate and maintain ground entry points and operations centers for the first tranche of the National Defense Space Architecture. The contract also in...
Raytheon Technologies‘ (NYSE: RTX) missiles and defense business will manufacture Tomahawk missiles under a $217.1 million contract from the U.S. Navy and deliver the weapon systems to the service branch, the Army and Marine Corps. The fixed-price-incentive, firm-fixed-price contract provides for the full-rate production of Block V Tactical To...
The State Department has approved the proposed sale of an anti-tank weapon system and related equipment to the Egyptian government through a potential $691 million foreign military sales contract. Egypt is seeking to buy 5,070 units of the Raytheon Technologies-built (NYSE: RTX) TOW 2A radio frequency missile technology along with spare parts, techn...
Lockheed Martin (NYSE: LMT) and Raytheon Technologies‘ (NYSE: RTX) Javelin Joint Venture received a pair of contracts worth potentially $309 million combined from the U.S. Army to produce anti-tank weapon systems. The partnership could manufacture more than 1,300 Javelin missiles with appropriations under the Ukraine Supplemental Appropriation...
Raytheon Technologies’ (NYSE: RTX) intelligence and space business will continue to provide geospatial intelligence, training and infrastructure support to the U.S. Air Force’s global communications system under a potential five-year contract. The indefinite-delivery/indefinite-quantity contract includes services for Air National Guard locat...
Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace subsidiary has received a potential five-year, $805.7 million contract modification from the U.S. Air Force to continue supporting the service’s Tactical Reconnaissance Pod program. The latest award brings the contract’s total cumulative face value to approximately $1 billion, the Depart...
