A Raytheon Technologies (NYSE: RTX) business unit has received a $318 million contract to help the Transportation Security Administration deploy equipment for the security screening of checked passenger bags at airports managed by the federal government. Raytheon Intelligence & Space will expand the fielding of baggage screening platforms to aro...
Raytheon Technologies’ (NYSE: RTX) intelligence and space business has received a potential $234 million contract from the U.S. Space Force to update Blocks 1 and 2 of the GPS Next-Generation Operational Control System to facilitate the integration of GPS Block III Follow-on satellite capabilities. The Space and Missile Systems Center obligated $2...
Raytheon Technologies (NYSE: RTX) posted sales of $15.3 billion and earnings per share of $0.90 for the first quarter of its 2021 fiscal year. The Waltham, Massachusetts-based defense and aerospace contractor said Tuesday its defense segment backlog at the end of FY 2021 Q1 was $65.2 billion. Major bookings for the quarter include $1.4 billion...
Jenn Azzolina of Cloudera (NYSE: CLDR) and Michael Daly of Raytheon Technologies (NYSE: RTX) said the two companies have teamed up to develop a technology platform to help government agencies glean insights from large volumes of data while ensuring data security using plug-and-play analytics and zero trust approach. Azzolina and Daly wrote th...
Spire Global, a space-based data and analytics provider, will receive a convertible term loan worth $70 million from global investment firm Francisco Partners as part of a growth financing deal. Spire CEO Peter Platzer said in a statement published Friday the financing will help the San Francisco-based company accelerate the deployment of intersatel...
The State Department has approved Australia’s request to buy General Atomics-built MQ-9B remotely piloted aircraft, related equipment and services under a $1.651 billion foreign military sales agreement. The transaction includes the purchase of up to 12 units of MQ-9B, Multispectral Targeting systems-D EO/IR sensors, Lynx AN/APY-8 synthetic apertu...
Raytheon Technologies (NYSE: RTX) has received a $243.2 million contract modification from the Missile Defense Agency for the delivery of one AN/TPY-2 radar designed for detecting ballistic missiles and guiding the Terminal High Altitude Area Defense system to help it shoot down the threat. The award raised the contract’s total cumulative face...
Bernard Harris Jr., the first African-American astronaut to complete a spacewalk 26 years ago, has been appointed to the board of directors of Raytheon Technologies (NYSE: RTX). He concurrently serves as CEO and managing partner of Vesalius Ventures, an investment company focused on the health care technology market, and leads a nonprofit educationa...
TYSONS CORNER, VA, April 13, 2021 — Roy Azevedo, president of Raytheon Technologies‘ (NYSE: RTX) intelligence and space business, said the company is actively seeking professionals to support its Washington, D.C., operations that include classified work, ExecutiveBiz reported April 5. “In this particular area, there is a lot of people ...
Neil Mitchill, formerly corporate vice president of financial planning and analysis and investor relations at Raytheon Technologies (NYSE: RTX), has elevated to the role of chief financial officer of the aerospace and defense company. He succeeds Anthony “Toby” O’Brien, who held financial leadership roles for more than three decades at Raytheo...
