11 mars 2024 | International, Terrestre
Tech maturing too fast for multiyear drone buys, Army’s Bush says
Locking in on the same drone year after year may not make sense amid rapidly changing circumstances, he said.
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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26 août 2021 | International, Aérospatial, Naval, Terrestre, C4ISR, Sécurité
Contracts for August 25, 2021
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27 octobre 2020 | International, C4ISR
BAE Systems to Develop Attritable Air Vehicle Systems Under USAF Skyborg Program
BAE Systems has been awarded an indefinite delivery/indefinite quantity contract to develop an attritable air vehicle system for the Skyborg program. Under this program, which has a contract ceiling of up to $400 million, the company will compete to develop a digital design for an unmanned aerial vehicle (UAV) capable of autonomous functions. The Skyborg program is intended to create a low-cost autonomous unmanned aerial vehicle that will partner with manned aircraft to increase air combat power. Teamed with a manned aircraft, the UAVs will leverage autonomy to disrupt and defeat adversaries in contested environments. “This award will accelerate the development and deployment of manned-unmanned teaming technologies to give the U.S. Air Force a decisive edge in the battlespace,” said Ehtisham Siddiqui, vice president and general manager of Controls and Avionics Solutions at BAE Systems. The UAVs will be designed with BAE Systems' autonomous systems, which include sensors and payloads that communicate across a shared network with manned aircraft. This modular and common system approach provides the foundation for rapid updates and integration to ensure the fleet is fielding the latest capabilities to defend against emerging threats. The shared network enables manned-unmanned teaming (MUM-T), which allows UAVs and manned aircraft to work together and complete missions more effectively. The network extends the reach of the fleet, while keeping the manned aircraft and personnel out of harm's way. It will allow the UAVs to serve as the eyes and ears for pilots, collecting and sending data from the battlespace to a manned fighter. https://www.defenseworld.net/news/28159#.X5iIvEeSnIV