Raytheon Company Wins $88 M US Navy Contract for Modification and Upgrade of Sensor Software for F/A-18 and F/A-18G Aircraft

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  6 avril 2020 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

  Raytheon Technologies Corp. begins trading on NYSE

  By: Jill Aitoro WASHINGTON — Less than a year after announcing plans to combine into a $121 billion company, Raytheon and United Technologies are officially no more — replaced by the combined entity Raytheon Technologies Corp., which kicked off trading Friday on the New York Stock Exchange. Listed under the ticker RTX, Raytheon Technologies began selling at $51 a share. With more than 866 million shares outstanding and a market cap of $74.5 billion, that price is bound to shift in the coming days, weeks and months. To put it in perspective, Raytheon closed Thursday at $122.43 a share, and UTC closed at $91.37 a share. With the merger, UTC shareholders owned 57 percent of Raytheon Technologies, and UTC will control eight of the 15 board seats. Tom Kennedy will serve as executive chairman, Greg Hayes as CEO and Toby O'Brien as chief financial officer. Planned divestitures will be completed post merger, though United Technologies did complete the spinoff of HVAC, refrigeration, fire and security solutions company Carrier Global Corp., as well as elevator and escalator manufacturer Otis Worldwide Corp. Both are now trading on the S&P 500. Amid the stock market fallout from the new coronavirus pandemic, Raytheon saw a bigger drop than most pure-play companies, likely due to the increased exposure to the commercial market that came with the merger. However, that could be short-lived, said Byron Callan of Capital Alpha Partners. “Raytheon has been the worst-performing stock [during the crisis] because they got tied into commercial aerospace through the merger," he told Defense News in an interview. “But going forward, that may be the most interesting [stock] of all because there will be a degree of balance.” https://www.defensenews.com/industry/2020/04/03/raytheon-technologies-corp-begins-trading-on-nyse/

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  14 juillet 2023 | International, C4ISR

  Senators eye electronic warfare capability demonstration in western US

  Sen. Mark Kelly, an Arizona Democrat, said the interstate demonstration would "better replicate some real-world threat conditions."

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  2 mars 2020 | International, Naval

  The US Navy’s FFG(X) could be awarded sooner than expected

  By: David B. Larter WASHINGTON – The U..S Navy's next-generation frigate could be awarded within the next few months, earlier than expected, the service's top civilian said Friday. Acting Secretary of the Navy Thomas Modly told conservative radio talk show host Hugh Hewitt that he had tasked Assistant Secretary of the Navy for Research, Development and Acquisition James Geurts to look at accelerating the award of the first ship, which was slated for this fall. “The plan was to try and do it in the latter part of this year,” Modly told Hewitt. “I've asked [Geurts] to try and accelerate that earlier, and he's looking into the possibilities for doing that. “But obviously, you know, we have acquisition rules, and we want to make sure that we do this in the proper way.” The competition has narrowed to bids from Huntington Ingalls Industries; a team of Navantia and General Dynamics Bath Iron Works; Fincantieri; and Austal USA. Navantia is offering a version of its F-100 design, which is in use by the Spanish Navy; Austal is submitting a version of its trimaran littoral combat ship; Fincantieri is offering its FREMM design; and Huntington Ingalls is believed to be offering an up-gunned version of its national security cutter. Lockheed Martin's version of the FFG(X), an up-gunned, twin-screw variant of its Freedom-class LCS, was pulled from the competition in May. The FFG(X) is supposed to be a small, multimission ship with a modified version of Raytheon's SPY-6 radar destined for the Flight III Arleigh Burke-class destroyer, Lockheed Martin's Aegis Combat System, as well as some point defense systems and 32 vertical launch cells for about half the cost of a destroyer. The first ship ordered in 2020 is expected to cost $1.28 billion, according to budget documents, with the next ship in 2021 dropping to $1.05 billion. The Navy expects it to take six years to complete design and construction of the first ship, which should be finished in 2026. Once construction begins, planners anticipate it will take 48 months to build. The second frigate is expected to be ordered in April 2021, and from there it should be delivered about five and a half years after the award date. That means that the first ship should be delivered to the fleet in July of 2026, and the second about three months later. https://www.defensenews.com/naval/2020/02/28/the-us-navys-ffgx-could-be-awarded-sooner-than-expected