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Stock Market & Financial Investment News

News For RTN From The Last 14 Days
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May 29, 2015
17:41 EDTRTNRaytheon awarded $149.5M government contract modification
Raytheon Missile Systems is being awarded a $149.5M modification to previously awarded contract for Standard Missile-2 and Standard Missile-6 FY15-FY16 full rate production. This contract modification will incorporate requirements for one base production year, FY15, and one option year, FY16.
13:08 EDTRTNRaytheon, Vista Equity Partners complete cybersecurity JV transaction
Raytheon Company and Vista Equity Partners have completed a joint venture transaction creating a new company that combines Websense, a Vista Equity portfolio company, and Raytheon Cyber Products, a product line of Raytheon's Intelligence, Information and Services business. The newly-formed commercial cybersecurity company will be known on an interim basis as Raytheon Websense. The company expects to introduce a new brand identity upon completion of standard organizational integration activity. Under the terms of the joint venture transaction originally announced on April 20, Raytheon owns 80.3%of the new company. Vista Equity Partners owns 19.7%. The joint venture will start operations immediately and will be based in Austin, Texas. John R. McCormack has been named CEO of the new company."The creation of this new commercial cybersecurity company allows us to leverage deep domain expertise to offer our customers unique capabilities that will help defend against the vast, advanced scope threats that exist today," said Thomas A. Kennedy, Raytheon Company Chairman and Chief Executive Officer. "We are excited to bring these advanced, defense-grade cyber solutions to our existing and new customers."
08:00 EDTRTNRaytheon Anschutz expands US operations
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May 18, 2015
05:16 EDTRTNRaytheon secures contract with Honda in Europe
Raytheon Professional Services GmbH, or RPS, a subsidiary of Raytheon (RTN), has signed a long-term contract with Honda Motor Europe Limited (HMC) for the outsourcing of all development of their Pan-European dealer training, as well as domestic training delivery operations in the UK and Germany. As part of the contract, RPS will manage Pan-European curriculum content development, product launch training and Learning Management System administration and support. RPS' training services will cover Honda's complete product range including Cars, Motorcycles and Power Products, and will extend to all sales, aftersales, technical, and management personnel. The contract also includes the outsourcing and management of Honda's accredited apprenticeship program, across the whole product range, in the UK. Students will be able to achieve either an Intermediate or Advanced apprenticeship through the program.

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