A Raytheon Technologies (NYSE: RTX) subsidiary has secured a $207 million contract to equip two U.S. Army units with counter-unmanned aerial system radar and effectors. Raytheon Missiles & Defense will provide Ku-band Radio Frequency Sensors and Coyote effectors and additional assets supporting operational deployments and flight tests, the compa...
The Department of Defense continues to issue accelerated payments meant to help defense contractors withstand the impact of the COVID-19 pandemic even after the White House declared the health crisis over, Bloomberg reported Monday. In March 2020, DOD issued a memo that increases the progress payment rates for large businesses from 80 percent to 90...
Raytheon Technologies’ (NYSE: RTX) Pratt & Whitney subsidiary will provide military services, non-Department of Defense organizations and foreign military customers with spare parts for the F-135 aircraft propulsion system under a potential $769.9 million contract modification from the U.S. Navy. DOD said Friday the vendor will also supply mod...
A team of Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) has won a five-year, $985.3 million contract to build and demonstrate an air-launched, scramjet-powered weapon system designed to operate at a speed greater than Mach 5. The service branch is obligating $100 million for the Hypersonic Attack Cruise Missile procurement effor...
The Department of the Air Force has selected five companies to be part of an industry consortium that will define future requirements and develop the digital infrastructure for the Advanced Battle Management System. L3Harris Technologies (NYSE: LHX), Leidos (NYSE: LDOS), Northrop Grumman (NYSE: NOC), Raytheon Technologies (NYSE: RTX) and Science App...
Allen Couture, a 10-year veteran of Raytheon Technologies (NYSE: RTX), will formally join Mercury Systems (Nasdaq: MRCY) on Oct. 3 to serve as senior vice president of execution excellence. He will be responsible for overseeing engineering, supply chain and program management functions in his new position, Mercury Systems said Thursday. Couture most...
A Raytheon Technologies (NYSE: RTX) business unit has secured a 10-year, $375 million contract to modernize a satellite-based air navigation system for the Federal Aviation Administration. Raytheon Intelligence & Space will refresh the technical features of and add a dual frequency operation service to the Wide-Area Augmentation System under the...
Raytheon Technologies (NYSE: RTX) and L3Harris Technologies (NYSE: LHX) will develop prototype sensors for the U.S. Army’s next-generation aerial intelligence, surveillance and reconnaissance program under the second phase of an other transaction agreement, Breaking Defense reported Tuesday. The companies will further improve the designs of their ...
Raytheon Technologies’ (NYSE: RTX) Collins Aerospace business has secured a potential five-year, $583 million contract from the U.S. Army to produce the latest generation of positioning, navigation and timing system for the service’s uncrewed and manned ground vehicles. The Army awarded the indefinite-delivery/indefinite-quantity contract after ...
The State Department has cleared Taiwan’s requests to procure AGM-84L-1 Harpoon Block II missiles, contract logistics support for the Surveillance Radar Program and AIM-9X Block II Sidewinder missiles under three foreign military sales agreements worth approximately $1.1 billion combined. Taiwan’s economic and cultural representative office requ...
