A joint venture between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will continue manufacturing the Javelin man-portable, anti-tank guided munition for soldiers under a $237.9 million contract modification from the U.S. Army. The service branch used fiscal 2022 missile procurement funds on the award and estimated the partnershi...
Intelsat has appointed four aerospace and technology executives to market and innovation roles in line with its strategy to offer transformational technology-powered global connections. The company said Thursday Anthony O’Brien, formerly chief financial officer at Raytheon Technologies (NYSE: RTX) will assume the same post at Intelsat while Michae...
Raytheon Technologies (NYSE: RTX) saw its fiscal 2022 first-quarter sales rise 3 percent to $15.7 billion and reported $1.15 in adjusted earnings per share for the quarter, reflecting a 28 percent increase from the prior-year period. The Waltham, Massachusetts-based aerospace and defense contractor said Tuesday it logged a total backlog of $154 bill...
A Raytheon Technologies (NYSE: RTX) business has secured a potential five-year, $1.68 billion contract from the U.S. Navy to provide modernization, activation and sustainment support for Total Ship Computing Environment infrastructure and mission systems of Zumwalt-class guided missile destroyers. Raytheon Missiles & Defense will also provide no...
The State Department has approved a request by Taiwan’s economic and cultural representative office to obtain technical assistance and related equipment for the Raytheon Technologies-built (NYSE: RTX) Patriot air defense system through a $95 million foreign military sales transaction with the U.S. government. The Taiwanese government is seekin...
Raytheon Technologies (NYSE: RTX) has secured a potential $3.2 billion contract to build a family of radars designed to help the U.S. Navy defend against hostile aircraft and various missile threats. The company said Thursday it will manufacture SPY-6 hardware in solid-state, rotating and fixed-face variants for installation on seven types of Navy s...
The State Department has approved a potential $368.53 million foreign military sale, through which Raytheon Technologies (NYSE: RTX) could provide follow-on support services and related equipment for the U.K.’s Tomahawk Weapon System. Raytheon’s missile and defense business in Tucson, Arizona, will be the prime contractor on the proposed...
Deborah Cegielski, a more than 25-year human resource executive, has joined Cubic as senior vice president and chief HR and diversity officer. She will directly report to Stevan Slijepcevic, president and CEO of Cubic and a 2022 Wash100 Award winner, and will oversee the company’s talent acquisition and management functions, HR systems, public rel...
Raytheon Technologies (NYSE: RTX) has appointed 21-year company veteran Barbara Borgonovi to serve as senior vice president of corporate strategy and development starting April 1. She is currently the president of the intelligence, surveillance and reconnaissance systems group within the intelligence and space business, the aerospace and defense con...
Vectrus (NYSE: VEC) saw its full 2021 revenue increase 28 percent to $1.78 billion and reported $419.4 million in sales for the fourth quarter of 2021, up 18 percent from the prior-year period. The Colorado Springs, Colorado-based government services contractor said Monday it ended the year with a total backlog of $5 billion, of which...
