Jan. 20, 2015, 4:56 PM
- The U.S. Air Force will re-evaluate proposals received in a competition for a long-range radar system initially won by Raytheon (NYSE:RTN) after losing bidders Lockheed Martin (NYSE:LMT) and Northrop Grumman (NYSE:NOC) filed protests, Reuters reports.
- It is unclear how long the re-evaluation of the bids would take, but Reuters says one source indicated it could include a more technical assessment of proposals submitted by the companies.
- RTN in October beat out LMT and NOC to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960s.
Jan. 20, 2015, 8:24 AM
- Raytheon (NYSE:RTN) will report Q4 and full-year results on Jan. 29. The conference call is scheduled to begin at 9:00 a.m. EST.
- Consensus view is EPS of $1.80 on revenues of $6.07B.
Jan. 9, 2015, 8:38 AM
- A joint venture between Raytheon (NYSE:RTN) and General Dynamics (NYSE:GD), called Range Generation Next, has been awarded a 1.5B contract to operate launch ranges at Florida's Space Coast and Vandenberg Air Force Base in California.
- Potentially a multi-billion-dollar deal, the award includes nine one-year options.
Jan. 8, 2015, 2:15 PM
- The Pentagon will request ~$51B in war funding for the next fiscal year starting Oct. 1, 20% less than the $64B Congress approved this year and the lowest since the 2001 terrorist attacks, Bloomberg reports.
- The Overseas Contingency Operations funding will be sent to Congress in addition to basic defense spending of ~$534B when Pres. Obama offers his proposed FY 2016 federal budget on Feb. 2, according to unnamed government officials and congressional aides.
- Related stocks: BA, NOC, LLL, LMT, GD, RTN, FLIR, KTOS, COL.
Jan. 8, 2015, 6:49 AM
Dec. 23, 2014, 3:17 PM| Dec. 23, 2014, 3:17 PM
Dec. 23, 2014, 7:30 AM
- Valued at $491M, Raytheon (NYSE:RTN) has won a contract to continue production of its Advanced Medium Range Air to Air Missiles for the U.S. Air Force.
- The latest AMRAAM contract runs through February 2017, and includes missiles to be sold to South Korea, Oman, Singapore, and Thailand under government-to-government foreign military sales.
Dec. 22, 2014, 9:24 AM
- Bringing the total number of global Patriot customers to 13, Raytheon (NYSE:RTN) has received a $2.4B foreign military sales contract to provide Qatar with the Patriot Air and Missile Defense System.
Dec. 10, 2014, 8:31 AM
- The U.S. Navy has awarded Raytheon (NYSE:RTN) a $26M contract for Tomahawk missile Composite Capsule Launching Systems.
- The new launching systems will be integrated into nuclear powered fast attack submarines and nuclear powered guided missile subs.
Dec. 9, 2014, 7:16 AM
- Australian Finance Minister Mathias Cormann has asked BAE Systems (OTCPK:BAESY), Navantia and Raytheon (NYSE:RTN) Australia to increase their roles in the country's troubled A$8.5B warship building program to drive immediate improvements in shipbuilding performance.
- Australia's Air Warfare Destroyer project has been impaired by long delays and costly blowouts. An auditor's report earlier this year found that local shipyards were not fully prepared to take on the complex work.
Dec. 1, 2014, 9:19 AM
Nov. 25, 2014, 10:45 AM
- A jury in the U.S. District Court for the Eastern District of Texas has rejected Raytheon's (RTN -0.2%) allegations that Indigo Systems (prior to its acquisition by FLIR Systems (FLIR +0.3%) in 2004) and FLIR misappropriated 31 of its company trade secrets.
- The jury determined that 27 of the 31 alleged trade secrets were not in fact trade secrets and that neither FLIR nor Indigo misappropriated any of 31 trade secrets that were claimed.
Nov. 24, 2014, 3:43 PM
- Twenty-two spinoffs have been completed in 2014, the most in a decade, and another 28 have been announced. Among the catalysts are activist investors, so Credit Suisse screened for companies with multiple business segments, slow growth, and stocks trading for lower multiples than peers, in other words, "good, quality companies that are struggling to grow."
- The list is heavy on big media names like Time Warner (NYSE:TWX) and Twenty-First Century Fox (NASDAQ:FOXA), big tech like Oracle (NYSE:ORCL), Symantec (NASDAQ:SYMC), and IBM, and big industry like Lockheed Martin (NYSE:LMT), Ingersoll-Rand (NYSE:IR), and Raytheon (NYSE:RTN), but just two financial names - Travelers (NYSE:TRV) and Torchmark (NYSE:TMK).
- The rest: MO, CA, WU, DPS, PBI, SJM, HRS, SWK, EMR, WLP, MAT, GE, SNA, LLL, ITW, STJ, PDCO, HPQ, DLPH, HAS, NAVI, GME, CBS, JNJ, SLB.
Nov. 19, 2014, 5:27 PM
- Raytheon Company (NYSE:RTN) declares $0.605/share quarterly dividend, in line with previous.
- Forward yield 2.32%
- Payable Feb. 5; for shareholders of record Jan 7; ex-div Jan 5.
Nov. 14, 2014, 8:05 AM
Nov. 7, 2014, 7:47 AM
- A Raytheon (NYSE:RTN) team including General Dynamics (NYSE:GD) has secured an initial deal consolidating oversight of rocket facilities at Cape Canaveral in Florida and Vandenberg Air Force Base in California in a contract expected to be worth as much as $2B over 10 years.
- The team will support the launch, testing and tracking of military and commercial rocket launches.
- RTN +0.6%; GD +0.2% premarket
Raytheon Co. develops and manufactures engineering technology for government and commercial use in the areas of defense, government electronics and information technology. It provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing,... More
Sector: Industrial Goods
Industry: Aerospace/Defense - Major Diversified
Country: United States
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