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Stock Market & Financial Investment News

News Breaks
January 24, 2013
07:03 EDTRTNRaytheon sees FY13 adjusted EPS $5.65-$5.80, consensus $5.43
Sees FY13 EPS from continuing operations $5.16-$5.31, consensus $5.43
News For RTN From The Last 14 Days
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April 17, 2015
08:32 EDTRTNRaytheon awarded more than $2B for Patriot Air and Missile Defense System
Raytheon announced it has been awarded a contract worth over $2B to deliver the combat-proven Patriot Air and Missile Defense System to an undisclosed international customer. The contract, awarded on April 2, 2015 and booked in the second quarter as a direct commercial sale, includes fully digitized new-production Patriot fire units with the latest technology for improved threat detection, identification and engagement. The contract also includes a full training package and support equipment.
April 15, 2015
08:13 EDTRTNRaytheon's Joint Standoff Weapon variant enters operational testing
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April 14, 2015
14:02 EDTRTNRaytheon to test new multi-mode seeker for Tomahawk cruise missile
Using company-funded independent research and development investment, Raytheon is preparing for a multi-mode seeker test designed for a Tomahawk Block IV cruise missile. The captive flight test, using a modified Tomahawk Block IV missile nose cone, will be designed to demonstrate the processor's ability to broadcast active radar as well as passively receive target electromagnetic radiation, which was demonstrated in February 2014. This is a critical step in enabling the missile to strike moving targets on land and at sea. During the test, planned for the second quarter, the nosecone of a Tomahawk Block IV missile will be equipped with active and passive radio frequency antennas integrated with Raytheon's new modular, multi-mode processor and fitted to a T-39 aircraft. Flying at high subsonic speed and at varying altitudes, the aircraft will simulate a Tomahawk flight regime. The multi-mode seeker and multi-function processor will operate the active radar against fixed and mobile targets on land and at sea, in a complex, high density electromagnetic environments.
08:01 EDTRTNRaytheon and US Air Force completes operational tests of MALD-J
Raytheon and the U.S. Air Force successfully completed operational tests of Miniature Air Launched Decoy-Jammer, satisfying all requirements to attain Initial Operational Capability.
April 10, 2015
06:22 EDTRTNDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
April 9, 2015
10:03 EDTRTNRaytheon, Kongsberg team on Naval Strike Missile
Raytheon Company and Kongsberg have formed a teaming agreement for the Naval Strike Missile. The pact represents a second step in the companies' efforts to offer world-class Offensive Anti-Surface Warfare solutions to the many governments interested in this warfare mission. Raytheon and Kongsberg formed a similar agreement last year to develop the Joint Strike Missile, the air-launched version of the NSM.
08:04 EDTRTNRaytheon completes validation milestones in two U.S. Air Force programs
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