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Raytheon Company (RTN)

  • Aug. 19, 2013, 3:49 PM
    • Citigroup has upped price targets on several defense stocks today, saying that its previous model was based on information from previous defense spending drops, and failed to take into account key changes in the structure of the industry.
    • It's raising General Dynamics (GD +0.5%) from $97 to $101, Huntington (HII +0.1%) from $72.50 to $95, Lockheed (LMT -0.2%) from $122 to $149, Northrop (NOC -0.1%) from $96 to $132, Raytheon (RTN -0.5%) from $80 to $91.
    • Earnings estimates on all stocks remain unchanged, and all five stocks maintain their Buy ratings.
    | Aug. 19, 2013, 3:49 PM | 2 Comments
  • Aug. 16, 2013, 9:26 AM
    • Raytheon (RTN) is among the six companies awarded a seven-year indefinite delivery/indefinite quantity contract from the U.S. Air Force worth up to $960M.
    • RTN will compete to provide IT services including "sustainment, migration, integration, training, help desk support, testing and operational support." (PR)
    | Aug. 16, 2013, 9:26 AM | Comment!
  • Aug. 5, 2013, 1:14 PM
    • A redesign of the Patriot missile system following a large order from the UAE five years ago has helped Raytheon (RTN +0.5%) turn the page to "a new chapter in the [Patriot] program's history," Reuters says.
    • Thanks to the "upgraded hardware," the company sees an opportunity to offer previous customers ways to reduce costs and make their existing systems more efficient.
    • With billions of orders expected during H2, the Patriot system now presents RTN with "a never-ending opportunity," CEO William Swanson says.
    | Aug. 5, 2013, 1:14 PM | Comment!
  • Jul. 25, 2013, 7:10 AM
    Raytheon (RTN): Q2 EPS of $1.64 beats by $0.33. Revenue of $6.12B (+2.1% Y/Y) beats by $0.32B. (PR)
    | Jul. 25, 2013, 7:10 AM | Comment!
  • Jul. 24, 2013, 6:02 PM
    Raytheon Company (RTN) declares $0.55/share quarterly dividend, in line with previous. Forward yield 3.15%. For shareholders of record Oct. 2. Payable Oct. 31. Ex-div Sept. 30. (PR)
    | Jul. 24, 2013, 6:02 PM | Comment!
  • Jul. 19, 2013, 3:30 PM
    BAE Systems (BAESY.PK -0.6%) files a challenge with the Government Accountability Office related to Raytheon's (RTN -0.1%) radar-jamming system contract award from the Navy. BAE says it has some "concerns with the Navy's evaluation" of the offers.
    | Jul. 19, 2013, 3:30 PM | Comment!
  • Jul. 12, 2013, 4:59 PM
    Raytheon's (RTN) $279M radar jamming device contract "clears the way for as much as $7.4B in future work," Bloomberg says, citing the Navy. Because the technology is set to be carried on every Boeing EA-18G Growler aircraft, RTN may have captured a "winner-take-all opportunity."
    | Jul. 12, 2013, 4:59 PM | 1 Comment
  • Jul. 10, 2013, 11:12 AM
    Raytheon (RTN +0.8%) gets an $80.5M contract from the Navy for Joint Standoff Weapon C-1s which pair a "weapon datalink radio and modified seeker software" with the original JOSW. The weapon "has stood the test of time," says RTN's Harry Schulte. (Previously: RTN gets $279M contract for radar jamming device)
    | Jul. 10, 2013, 11:12 AM | Comment!
  • Jul. 9, 2013, 7:00 AM
    Raytheon (RTN) has won a $279M 22-month deal from the navy to develop a radar jamming device to be used on Boeing EA-18G Growler combat aircraft. Raytheon beat out incumbent Northrop Grumman (NOC) and others for a contract that analysts reckon could eventually be worth billions of dollars. The development period will be followed by an engineering and manufacturing phase of 4 1/2 years, with the jammer slated for deployment in FY 2020.
    | Jul. 9, 2013, 7:00 AM | Comment!
  • Jul. 3, 2013, 11:24 AM
    The Pentagon is planning its first missile test since 2008 on July 5. If successful, the launch will be the first interception in more than four years of a surrogate missile incoming toward the U.S. The test will use interceptors tipped with Raytheon (RTN +0.1%) "hit-to-kill" warheads which last successfully hit their target during a December 2008 exercise, and be operated by Boeing (BA +0.8%).
    | Jul. 3, 2013, 11:24 AM | 5 Comments
  • Jul. 3, 2013, 8:24 AM
    Lockheed Martin (LMT), Boeing (BA) and BAE Systems (BAESF.PK) are vying to win deals to upgrade fleets of F-16 fighter jets, with the market worth an estimated $12B over the next nine years. LMT, which makes the planes, reckons that its contract with the U.S. Air Force to renew the American fleet puts it in the driving seat to win contracts with other nations. Raytheon (RTN) and Northrop Grumman (NOC) could also benefit with their radar upgrades.
    | Jul. 3, 2013, 8:24 AM | Comment!
  • Jul. 1, 2013, 3:28 PM
    ITT Exelis (XLS +2.5%) trades up today after saying it's been selected by Raytheon Company (RTN) to supply antenna subsystems for the DoD's international ballistic defense system. The antennas will be fielded as part of the Standard Missile-3 program, a cooperative development program between the U.S. Department of Defense and the Ministry of Defense of Japan, scheduled to be deployed in 2018.
    | Jul. 1, 2013, 3:28 PM | Comment!
  • Jul. 1, 2013, 2:02 PM
    Raytheon (RTN +0.7%) has been awarded a contract with the U.S. Naval Air Systems Command to build an integrated multi-INT system to safeguard forward deployed forces. The cross-domain surveillance system is a software package small enough to mount onboard an aircraft, and transfers sensor data, high-definition surveillance video, and traditional and non-traditional ISR imagery, as well as situational awareness data, to give warfighters an advantage by providing a complete picture of impending threats.
    | Jul. 1, 2013, 2:02 PM | Comment!
  • Jun. 27, 2013, 8:57 AM
    Raytheon (RTN) says it has received a $126M contract for SM-3 missiles which hit incoming ballistic missiles in space to neutralize threats. (PR)
    | Jun. 27, 2013, 8:57 AM | Comment!
  • Jun. 18, 2013, 11:37 AM
    Raytheon (RTN +0.3%) says it's received a $115.9M contract to provide engineering services for the Patriot Air and Missile Defense System. Under the contract, RTN will provide systems analysis, software development, testing and logistics support, as well as other NATO country-specific system requirements.
    | Jun. 18, 2013, 11:37 AM | Comment!
  • Jun. 18, 2013, 4:23 AM
    Paris Air Show: While defense companies are being hit by sequestration at home, they are enjoying increasing demand abroad for fighter jets, missile defense systems and other weapons. Air force sales doubled to $22B over the past two years, while the likes of Raytheon (RTN) are overbooked with meetings in Paris this week. Other vendors to benefit include Boeing (BA), United Tech (UTX), Lockheed Martin (LMT) and Textron (TXT).
    | Jun. 18, 2013, 4:23 AM | Comment!
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Company Description
Raytheon Cotogether with its subsidiaries is engaged in developing integrated defense systems. The Company offersair and missile defense; radar solutions; naval combat and ship electronic systems; command, control and communications systems.