Raytheon awarded $11M laser weapons development contract by Marine Corps Raytheon was awarded an $11M contract under an Office of Naval Research program. Raytheon will develop a vehicle-based laser device capable of defeating low-flying threats such as enemy drones.
Raytheon upgraded to Outperform at Cowen As reported previously, Cowen upgraded Raytheon to Outperform from Market Perform based on U.S. share gains, foreign sales reorganization, and improved visibility. The firm raised its price target on the stock to $120 from $105.
Raytheon awarded $13.5M task order modification on FOCUS contract Raytheon and its partner team have been awarded a $13.5M task order modification on the Warfighter Field Operations Customer Support contract to add more Afghan pilots to the New Dawn training program. An additional 24 fixed-wing and four rotary-wing Afghan Air Force pilots will be trained. Based in the United Arab Emirates, the New Dawn program trains Afghan Air Force Officers to a level equivalent to a commercial pilot certification. Upon graduation, the pilots return to Afghanistan for service as aviators in that nation's Air Force.