Contractors vying to develop the future system that would defend the U.S. against intercontinental ballistic missiles say they can meet the aggressive schedule being pushed by military leaders.
The five-year contract maintains Raytheon’s position as the systems integrator for STARS, which receives surveillance and flight-plan data and presents the information to controllers on high-resolution, color displays.
During Phase 1, L3 and Raytheon teams will demonstrate electronic intelligence (ELINT) and communications intelligence (COMINT) sensors under controlled conditions.
Kelly Ortberg, the former head of Collins Aerospace who was a key leader in the supplier’s melt-up into Raytheon Technologies, has left its executive ranks, company representatives confirmed.
Wei Sun, 49, was sentenced in U.S. District Court in Arizona under a plea agreement to one felony count of violating the Arms Export Control Act (AECA).
Top-tier manufacturers and suppliers are not banking on a quick commercial aftermarket rebound, financial figures and commentary from 2020 third-quarter (Q3) earnings calls underscore.
Raytheon Technologies is on its way to cutting at least 15,000 employees in response to the company’s recent merger and the fallout from COVID-19, the aerospace and defense giant’s CEO told an investor conference, and likely more will occur.
The Raytheon-built radar jammer confirmed safety-of-flight characteristics during the sortie by the VX-23 flight test squadron at Naval Air Station Patuxent River, Maryland.
BAE Systems’ move to bulk up its U.S. defense subsidiary with the acquisitions of a core piece of the erstwhile Rockwell Collins and a competitor unit to rival prime L3Harris Technologies will come at a premium, analysts said.
Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.
