A Raytheon Technologies (NYSE: RTX) business has received a $972 million contract to manufacture updated systems of the Advanced Medium Range Air-to-Air Missile for the U.S. Air Force, the U.S. Navy and 19 foreign countries. This contract marks the first award for the production of AIM-120D3 and AIM-120C8 AMRAAMs the company has devel...
Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary has received a potential six-year, $176.9 million contract from the U.S. Air Force to provide support for a ground radio network infrastructure and related antenna subsystems used for military command-and-control communications. The firm-fixed-price, indefinite-delivery/indefinite-qua...
A Raytheon Technologies (NYSE: RTX) subsidiary has secured a two-year, $182 million contract from the U.S. Army to provide a ground-based air defense system to Ukraine as part of a military aid package. The Department of Defense obligated the full amount to procure National Advanced Surface-to-Air Missile Systems using fiscal 2022 Ukraine Security A...
Raytheon Technologies (NYSE: RTX) has secured a potential five-year, $91.7 million contract from the U.S. Navy to provide modifications, maintenance and depot-level support for the AN/AQS-20 sonar mine-hunting system and AN/MHP-20 deploy and retrieve platform. The sole-source, cost-plus-fixed-fee and firm-fixed-price contract has a one-year base per...
The U.S. Air Force has awarded five companies positions on a potential 10-year, $975 million contract to perform technology maturation and risk reduction work under a program that seeks to build prototypes of an adaptive engine for next-generation fighter aircraft. The awardees are General Electric’s (NYSE: GE) Edison Works business, Raytheon Tech...
Roy Azevedo, president of Raytheon Technologies’ intelligence and space business, was presented with his 2022 Wash100 Award by Executive Mosaic CEO Jim Garrettson during a recent visit to the company’s office in Arlington, VA. Executive Mosaic is honored to recognize Roy Azevedo as a three-time Wash100 Award recipient, for driving business...
A new McAleese & Associates report shows major defense prime contractors posted sector operating margins of approximately 11 percent in the second quarter of 2022, reflecting limited impact from the current 8.5 percent inflation. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q2 2...
Marc Duvall, a more than 40-year industry executive with aerospace original equipment manufacturers, has joined private equity firm AE Industrial Partners an an operating partner. “Marc’s strong knowledge of the aerospace supply chain combined with his proven operating track record will allow him to contribute significantly to a variety of v...
Raytheon Technologies (NYSE: RTX) has received a potential one-year, $132.6 million contract modification from the U.S. Air Force to remanufacture F100 engine modules for foreign military sales customers. The sole-source modification covers F100-PW-100, F100-PW-200, F100-PW-220, F100-PW-220E, F100-PW-229 and F-100-PW-229 EEP engine modules in suppor...
Mirion Technologies, a supplier of radiation detection and measurement instruments to various markets, has purchased the critical infrastructure business of Raytheon Technologies‘ (NYSE: RTX) Collins Aerospace business. The acquired entity develops command-and-control software platforms that are designed to help customers manage systems cybers...
