Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) have secured other transaction prototype agreement modifications to extend the companies’ technology development services under the Missile Defense Agency’s Glide Phase Interceptor program. The additional funds would allow the contractors to fine-tune GPI concepts, as par...
A partnership between Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTN) will manufacture man-portable, anti-tank guided munition systems for domestic and international defense customers under a U.S. Army contract worth potentially $7.2 billion. The award to Javelin Joint Venture has a base value of $1.02 billion and covers weapon pro...
Raytheon Technologies (NYSE: RTX) reported $17.2 billion in sales during the first quarter of 2023, up 10 percent from the prior-year period, and saw earnings for the period rise 6 percent to $1.22 per share. The Arlington, Virginia-based aerospace and defense contractor said Wednesday it ended the quarter with a record backlog of $180 billion...
Cybersecurity firm Forcepoint is looking to divest its government security unit for over $2 billion and is working with Citigroup on the potential sale as the company looks to focus on building up its commercial business, Reuters reported Wednesday. Sources said no deal has been signed since discussions over the potential sale are still in...
The U.S. Air Force has added Kratos Defense & Security Solutions (Nasdaq: KTOS) and Boeing‘s (NYSE: BA) Aurora Flight Sciences subsidiary as awardees on a $400 million contract for aerospace system research and development services. Fifteen bids were submitted to the Air Force Research Laboratory for the Advanced Aerospace Systems Technolo...
Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) have joined the list of awardees on a U.S. Air Force research and development contract worth up to $400 million over seven years, the Department of Defense said Wednesday. Five companies now hold spots on the Advanced Aerospace Systems Technology Research program. General Atomics, Lockheed...
Raytheon Technologies (NYSE: RTX) has received a potential one-year, $650.4 million contract modification from the U.S. Navy for the production and delivery of 15 Next Generation Jammer Mid-Band ship sets. The Department of Defense said Thursday 11 of the lot 3 low-rate initial production NGJ-MB ship sets will go to the Navy and the rest...
Raytheon Technologies (NYSE: RTX) will continue to manufacture AN/SPY-6(V) radar systems for the U.S. Navy under a $619 million contract option. The award will enable the service branch to install the air and missile defense radar technology on initial Arleigh Burke-class Flight IIA destroyer ships, the company said Wednesday. SPY-6 is designed to h...
Raytheon Technologies (NYSE: RTX) and Lockheed Martin (NYSE: LMT) received separate contracts worth $116 million combined to design carrier-based, air-launched hypersonic missile systems for the U.S. Navy. Both companies have been tasked with conducting technical maturation and development efforts under the Hypersonic Air Launched Offensive An...
Raytheon Technologies (NYSE: RTX) has won a potential $1.2 billion contract from the U.S. Army for Patriot Missile System fire units. Army Contracting Command received two offers for the firm-fixed-price contract and obligated the whole contract amount using foreign military sales funds for fiscal year 2023, the Department of Defense said Tuesday. W...
