Raytheon Technologies (NYSE: RTX) veteran Kevin Perry has assumed the CEO role at a joint venture between Raytheon and Israel-based Rafael Advanced Defense Systems, he announced in a LinkedIn post Monday. He will oversee the operations of Raytheon-Rafael Air Defense Systems and its initiatives to expand global missile defense partnerships. In 2020, ...
Raytheon Technologies (NYSE: RTX) plans to realign its four current businesses into three focused segments – Collins Aerospace, Pratt & Whitney and Raytheon – as part of efforts to drive the company’s technology synergies, market growth and financial targets. Christopher Calio, chief operating officer of Raytheon, will assume additiona...
Raytheon Technologies (NYSE: RTX) has won a five-year, $270.9 million contract to help the National Geospatial-Intelligence Agency deliver imagery intelligence and analysis capabilities to domestic and international partners. The Mantis indefinite-delivery/indefinite-quantity contract will provide specialists with access to technology platforms and ...
Leanne Caret, former CEO of the defense, space and security unit at Boeing (NYSE: BA), has been elected to the board of directors at Raytheon Technologies (NYSE: RTX). “With a focus on rapid deployment of highly complex systems, she has driven development of groundbreaking technology solutions throughout her tenure,” Greg Hayes, CEO and chairman...
Canada will provide Ukraine with a medium-range air defense system Raytheon Technologies (NYSE: RTX) will build under an approximately $302 million purchase deal between the North American country and the U.S. The National Advanced Surface-to-Air Missile System donation is the latest in Canada’s military assistance to Ukraine and marks the fir...
Canada has finalized a potential $14.2 billion agreement with the U.S. government to procure 88 Lockheed Martin-built (NYSE: LMT) F-35 Lightning II fighter jets for its air force. The Canadian government said Monday it expects initial F-35A deliveries to kick off in 2026 and anticipates the country’s air force to reach full operational capabil...
Raytheon Technologies (NYSE: RTX) will provide a long-range, anti-ship cruise missile system to the government of Romania under a potential $217.1 million contract from the U.S. Navy. Romania will initially obligate $208.7 million to acquire the Naval Strike Missile Coastal Defense System through U.S. foreign military sales program, the Defense...
The Naval Air Systems Command has awarded Raytheon Technologies-owned (NYSE: RTX) engine builder Pratt and Whitney a $619 million contract modification to procure lot 17 F-35 propulsion components and produce additional systems for the 15th and 16th batches of the fighter aircraft. Pratt & Whitney will use a portion of the funds t...
The U.S. Air Force has awarded 92 companies positions on a potential 10-year, $900 million contract to come up with innovative approaches to advance the development of multidomain systems. The Air Force Life Cycle Management at Wright Patterson Air Force Base in Ohio is the contracting activity and received 94 proposals for the indefinite-delivery/i...
The venture capital arm of Raytheon Technologies (NYSE: RTX) has invested in EpiSci to help the latter scale its Tactical AI platform and further develop autonomy technology systems. RTX Ventures will offer guidance as EpiSci works to develop collaborative autonomy platforms demonstrate the implementation of a model-based autonomy architecture that ...
