Raytheon

President Joe Biden announced Tuesday he will nominate Frank Kendall, a former top acquisition official at the Pentagon, as the next secretary of the Air Force and Heidi Shyu, the Army’s former lead acquisition executive, to be the next undersecretary of defense for Research and Engineering. Kendall, an Army veteran, last served in the Pentagon […]

Raytheon Technologies on Tuesday said it swung to a loss in the second quarter largely due to a slump in commercial aerospace triggered by the ongoing COVID-19 pandemic. The company’s defense businesses performed well. The commercial outlook remains weak and the company has achieved its cost savings synergies for the year. Sales in the quarter […]

Raytheon Technologies on Tuesday said it swung to a loss in the second quarter largely due to a slump in commercial aerospace triggered by the ongoing COVID-19 pandemic. The company’s defense businesses performed well. The commercial outlook remains weak and the company has achieved its cost savings synergies for the year. Sales in the quarter […]

The Air Force contract to build more than 600 new commercial engines to power the aging, nuclear-capable B-52 bomber through the 2050s will run 17 years, with six years of firm money, according to a solicitation released Tuesday. The service’s Commercial Engine Replacement Program calls for 608 new commercial engines, plus additional spare engines and […]

The Air Force might deploy its Long-Range Standoff Weapon cruise missile earlier than anticipated, while the new Ground-Based Strategic Deterrent intercontinental ballistic missile should be ready on time, the head of the service’s Global Strike Command said Wednesday. Raytheon will build the Long-Range Standoff missile (LRSO), while Northrop Grumman looks all but certain to win […]

Air Force Selects Raytheon to Build Next-Gen Nuclear Weapon The Air Force plans to continue building its next nuclear cruise missile, the Long-Range Standoff Weapon (LRSO), with Raytheon as the sole-source contractor, according to an April 17 release. The announcement arrives years ahead of an expected down-select. Both Raytheon and Lockheed Martin have been developing […]

Lockheed Martin on Tuesday reported solid first-quarter financial results with strong sales and cash flow, but flat earnings, results it said were not impacted by the COVID-19 pandemic. But the outlook for the rest of the year is “uncertain” and is dependent in part on the “duration and spread” of the crisis, and the resulting actions […]

The Air Force plans to continue building its next nuclear cruise missile, the Long-Range Standoff Weapon (LRSO), with Raytheon [RTN] as the sole-source contractor, according to an April 17 release. The announcement arrives years ahead of an expected down-select. Both Raytheon and Lockheed Martin have been developing LRSO designs under technology maturation and risk reduction (TMRR) phase contracts, awarded […]

The Defense Department’s top policy director submitted a letter of resignation Wednesday, saying he will leave his post at the end of the month and stating plainly that his departure was prompted by President Donald Trump. Undersecretary of Defense for Policy John Rood assumed his role in August 2018, and will be succeeded by James […]

By Calvin Biesecker Raytheon on Thursday reported strong third quarter financial results driven by higher sales across its defense segments and improved operating performance and the company increased its outlook for the top and bottom lines this year. Net income soared 34% to $860 million, $3.08 earnings per share (EPS), from $644 million ($2.25 EPS) a […]

Raytheon on Thursday reported strong third quarter financial results driven by higher sales across its defense segments and improved operating performance and the company increased its outlook for the top and bottom lines this year. Net income soared 34% to $860 million, $3.08 earnings per share (EPS), from $644 million ($2.25 EPS) a year ago, topping […]

President Donald Trump announced May 21 that he is nominating Barbara Barrett to become the next Air Force secretary, as current Secretary Heather Wilson completes her final weeks on the job. “I am pleased to announce my nomination of Barbara Barrett of Arizona, and former Chairman of the Aerospace Corporation, to be the next Secretary of […]

By Calvin Biesecker Defense Daily Raytheon on Thursday reported strong first quarter results with the company’s earnings leading the way with a double-digit gain on operational performance, some pension tailwinds and other positives. Despite beating its own and analysts’ expectations on earnings, Raytheon left its outlook for 2019 unchanged. Company officials on their investor call said […]

Boeing and Raytheon, key contractors on next-generation Air Force nuclear-missile programs, both posted higher quarterly earnings last week. Boeing, one of two contractors on the next-generation intercontinental ballistic missile system, reported a 26 percent spike in earnings in the second quarter, to $2.2 billion, or $3.73 a share. Raytheon, one of two tech-development contractors working on […]

By Calvin Biesecker Defense Daily Raytheon on Thursday posted strong first-quarter financial results, driven by lower taxes, and improved operating performance, and the company increased its guidance this year for sales and earnings. Lower taxes that went into effect on Jan. 1 have helped underpin solid to strong results for all the major defense companies […]

The National Nuclear Security Administration (NNSA) has refurbished the first in a line of nuclear warheads that will be used on an aging fleet of U.S. cruise missiles well into next decade. The semiautonomous Department of Energy nuclear stockpile steward completed the first production unit of the W80-1 Alt 369 “before fiscal year 2017 came […]

Defense Daily Boeing will not challenge contracts the Air Force awarded to Lockheed Martin and Raytheon to mature designs for the Long-Range Standoff Weapon (LRSO), a replacement for the aging, nuclear-armed, air-launched cruise missile. “We received the customer debrief and after reviewing the information, Boeing has decided not to protest the Air Force’s decision” on […]

Boeing will not challenge contracts the Air Force awarded to Lockheed Martin and Raytheon to mature designs for the Long-Range Standoff Weapon (LRSO), a replacement for the aging, nuclear-armed, air-launched cruise missile. “We received the customer debrief and after reviewing the information, Boeing has decided not to protest the Air Force’s decision” on LRSO, Boeing […]

The Pentagon should not have rushed to hand out more than $1 billion in contracts to modernize U.S. nuclear missiles before the Donald Trump administration completes the Nuclear Posture Review it started in January, the ranking Democrat on the House Armed Services Committee said Sunday. “We should not be doubling down on these legacy nuclear […]

The Pentagon should not have rushed to hand out more than $1 billion in contracts to modernize U.S. nuclear missiles before the Donald Trump administration completes the Nuclear Posture Review it started in January, the ranking Democrat on the House Armed Services Committee said Sunday. “We should not be doubling down on these legacy nuclear […]

Lockheed Martin and Raytheon received contracts Aug. 23 to mature designs for the Long Range Standoff Weapon (LRSO), a replacement for the U.S. Air Force’s aging, nuclear-armed, air-launched cruise missile (ALCM). Each company has been awarded a 54-month contract valued at about $900 million for the program’s technology maturation and risk reduction (TMRR) phase. When […]

Raytheon CEO Thomas Kennedy told investors last week his company is reviewing its options when it comes to teaming on the Air Force’s Ground-Based Strategic Deterrent, which is intended to replace the Minuteman III intercontinental ballistic missile as the ground-based leg of the nuclear triad. “Right now, our strategy is we are engaging with multiple […]

U.S. Air Force Global Strike Command airmen from the service’s bases in Wyoming, Montana, and Nebraska on Wednesday launched an unarmed Minuteman III intercontinental ballistic missile, the Air Force announced. The operational test involved an unarmed ICBM with a single test re-entry vehicle containing a telemetry package, launched from Vandenberg Air Force Base in California. […]