Raytheon awarded $8.7M modification to previous contract from U.S. Navy Raytheon has received an $8.7M modification to a previously awarded production contract to provide the U.S. Navy with Joint Tactical Terminal Senior radios that are compatible with the new Common Interactive Broadcast waveform and contain the latest security, hardware and software enhancements.
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Raytheon price target raised to $73 from $63 at Stifel Stifel increased its price target on Raytheon after meeting with the company's management, as the firm is upbeat on the company's business trends. The firm is confident about Raytheon's ability to sustain its margins and generate growth from international deals, and it expects the stock's multiple to rise later this year. The firm keeps a Buy rating on the shares.