The Naval Air Systems Command has awarded Pratt & Whitney, a subsidiary of Raytheon Technologies (NYSE: RTX), a potential $115 million contract to carry out core upgrades of the F135 propulsion system. The award will support preliminary development efforts by the engine maker through 2023 and aims to create a low-risk path for the F-35...
Raytheon Technologies’ (NYSE: RTX) missiles and defense business and Lockheed Martin (NYSE: LMT) will serve as principal contractors for a potential $380 million foreign military sale of FIM-92K Stinger man-portable ground-to-air missiles and related equipment to the government of Finland. The Defense Security Cooperation Agency said Thursday the ...
Matt Veldhuis, a 22-year veteran of Lockheed Martin (NYSE: LMT), has joined Raytheon Technologies (NYSE: RTX) as director of business development within the intelligence and space unit. He will oversee requirements and capabilities related to space intelligence, surveillance and reconnaissance in his new position, according to a LinkedIn post publis...
Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
Raytheon Technologies (NYSE: RTX) has promoted 19-year company veteran Richard Guzzardi to executive director of operations, supply chain and quality, air power within its missiles and defense business, according to a LinkedIn post published Wednesday. He served as senior director of the unit’s global supply chain for more than two years ...
The State Department has approved Oman’s request to buy from the U.S. government up to 48 AGM-154C Joint Standoff Weapon systems, related equipment and support services under a potential $385 million foreign military sales agreement. Raytheon Technologies’ (NYSE: RTX) missiles and defense business will serve as the principal contractor in the pr...
Maxar Technologies (NYSE: MAXR) expects the first two of its six WorldView Legion satellites to arrive at their launch site in December and deploy to space the following month, Maxar President and CEO Dan Jablonsky said in the company’s third quarter earnings call. “The first two are essentially hardware ready, ready to ship downrange, waiti...
Northrop Grumman (NYSE: NOC) saw its sales for the third quarter of fiscal 2022 jump 3 percent to $9 billion, up from $8.7 billion during the prior-year period, and attributed the growth to improving trends in labor availability and strong demand for the company’s capabilities. The Falls Church, Virginia-based aerospace and defense contractor said...
An MBDA-Diehl joint venture has received a firm-fixed-price contract from the U.S. Navy to deliver updated Rolling Airframe Missile system and spare replacement components to the German navy. The award to RAM-System will support the recertification of the RAM Block 2 variant under a cooperative memorandum of understanding between the two countries, ...
Raytheon Technologies (NYSE: RTX) reported $17 billion in fiscal 2022 third quarter sales, reflecting a 5 percent increase from the same period last year, and posted a total backlog of $168 billion at the end of the quarter with defense business accounting for $67 billion of that figure. “Our $168 billion company backlog grew over...
