Raytheon to Head Army Training Deal
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Raytheon Technical Services of Reston has been selected to head an $11 billion program to consolidate and modernize the Army's worldwide training and support network.
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Raytheon Co. RTN.N was awarded a  contract worth as much as $1.6 billion for full-rate production  of about 2,200 Tomahawk Block IV cruise missiles, the company  and the U.S. Department of Defense said on Wednesday.
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The Army has chosen six companies to compete for work under its five-year, $5 billion Worldwide Satellite Systems contract.
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The US Army named the Scottsdale-based division of General Dynamics Corp. on Tuesday as the lead contractor on a multibillion-dollar battlefield communication program.
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DaimlerChrysler  has placed a 7.5 percent stake in EADS  with a public-private consortium in a 1.5-billion-euro ($1.95-billion) deal that maintains the Franco-German balance of power at the aerospace group.
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WASHINGTON - IBM Corp. on Wednesday said it was selected by defense firm Raytheon Co. to assist in designing an upgraded software system for at least one U.S. Navy Zumwalt destroyer.
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Austal Limited today announced that it had teamed with Raytheon Australia to bid for the upcoming Australian Government tender to build two amphibious ships, which is due to be issued in early 2005.
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Waltham-based defense giant Raytheon said it has acquired a privately held San Diego firm that provides physics modeling to government agencies and private companies, a purchase that will augment Raytheon&#39;s efforts in the defense and homeland security
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Defense contractor Raytheon Co.  RTN.N on Thursday said quarterly profit rose 16 percent,  helped by higher spending on its Patriot missile systems and  other military products and lower tax payments.
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Defense contractor Raytheon Co.  on Thursday said quarterly profit rose 16 percent, helped by higher U.S. government spending on its military products and lower tax payments.
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Canadian buyout firm Onex Corp.  and a unit of investment bank Goldman Sachs Group Inc.  are in exclusive talks with Raytheon Co.  to buy the defense contractor's aircraft unit, according to a source close to the process.
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U.S. antitrust authorities said on  Tuesday they had approved plans by Lockheed Martin Corp.   to buy privately held military support and training  company Pacific Architects and Engineers Inc.
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Defense contractor Raytheon Co. says India could become its largest overseas growth market during the next five years, but landing contracts there will take patience and persistence.
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By Patrick O'Driscoll  DENVER -- The Army, needing more room for combat practice with advanced battlefield technology, wants to expand its training areas by up to 70% in the next four years, says a Pentagon official who oversees training.
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Raytheon says its upgraded Active Denial System 2 is now in the hands of the customer, the U.S. Air Force. But will it ever be deployed?
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India's Tata Advanced Systems said on  Saturday it planned to form a partnership with an arm of  European plane-maker EADS  to bid for the Indian Army's  $1 billion tactical communications system project.
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Raytheon Co. won a competition yesterday to become prime contractor for an Army training equipment and services program worth up to $11.2 billion over the coming decade, making it potentially one of the largest awards ever for the Waltham defense contractor.