Filed under: Business Line, Companies, Events, Military Aviation, Nammo, Press Releases, production program, Raytheon
Raytheon, Nammo achieve major milestone
DUBAI, United Arab Emirates, Nov. 17, 2013 /PRNewswire/ — Raytheon Company (NYSE: RTN) received the 1,000th AIM-120 Advanced Medium Range Air-To-Air Missile (AMRAAM®) rocket motor from Nammo Group, a leading propulsion products company based in Raufoss, Norway. The motor is scheduled to be installed in a production AIM-120C7 missile later this month.
“Our partnership with Nammo is another example of the close relationship Raytheon enjoys with our supplier-partners,” said Dr. Taylor W. Lawrence, president of Raytheon Missile Systems. “The teamwork between Raytheon and Nammo has contributed significantly to our shared success.”
Following a lengthy qualification process in October 2012, Nammo was certified as an AMRAAM rocket motor supplier for Raytheon and has been delivering motors at the rate of approximately 90 motors per month.
“The Raytheon-Nammo partnership has been a model of success throughout the past year,” said Ronald Krebs, AMRAAM program director with Raytheon Missile Systems. “Raytheon has worked extremely hard to make certain our end-user customers continue to receive AMRAAM missiles on schedule.”
AMRAAM is a combat-proven missile that has demonstrated operational flexibility in both air-to-air and surface-launch engagement scenarios and provides today’s warfighter with enhanced operational capability, cost effectiveness and future growth options and solutions.
Procured by 36 countries, the combat-proven AMRAAM has been operational and integrated on the F-16, F-15, F/A-18, F-22, Typhoon, Gripen, Tornado, Harrier and F-4, and integration is ongoing in the Joint Strike Fighter aircraft. It is also the baseline missile for the NATO-approved National Advanced Surface-to-Air Missile System.
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
Filed under: Boeing, Business Line, Companies, Congress, Department of Defense, development program, Events, Federal Budget Process, Lockheed Martin, Military Aviation, Raytheon, Services, U.S. Air Force, U.S. Army, U.S. Marine Corps
The Joint Air-to-Ground Missile (JAGM) program is an Army run one to develop a replacement for the air launched Hellfire and Maverick missiles. The Hellfire is fired from helicopters and started life as a laser guided anti-tank missile. It now has a variety of warhead options and has seen heavy use in Iraq and Afghanistan from AH-64 and AH-1W attack helicopters. The Maverick is fired from fixed wing aircraft primarily by the U.S. Air Force and too was initially an anti-tank system.
Several years ago there was a similar program in development called the Joint Common Missile (JCM). This was cancelled around 2005. The JAGM program began a few years later. Originally it was planned to have two teams compete for designs and then take one into production. Raytheon (RTN) and Boeing (BA) formed a team and Lockheed Martin (LMT), who had been the prime contractor for the JCM, also competed. One of the requirements for JAGM is the use of a 3 mode seeker utilizing radar, infrared and laser guidance.
In 2012 the Army rather then continuing the contest decided to delay final development and production of the system. Rather the two teams would be given contracts to continue their work and this could then support a later production decision if it was decided to finish out the program. Both contenders were given about $60 million contracts for this work.
Now in the latest budget submitted by the Obama administration last week it looks like a final decision has been made to cancel JAGM. Only the costs of the current development plan are considered which would save a little over $200 million in the 5 years the budget plan covers. It is of course up to Congress to decide whether to remove the funding and end this program.
The Hellfire has a successful history but the JAGM, and JCM, would have offered improvements in size, range and guidance capability. If sequestration continues then the U.S. military will be faced with more choices of deferring new development, using existing equipment or investing in new capabilities for them. The current budget without considering those mandatory cuts already is starting to make those kind of decisions.
Filed under: Business Line, Companies, Contract Additions, Contract Awards, Department of Defense, development program, Events, Lockheed Martin, Military Aviation, Raytheon, Services, U.S. Army
Following the award of a similar contract to competitor Lockheed Martin (LMT) in August, Raytheon (RTN) received a contract from the U.S. Army to continue development of their proposed solution to the Joint Air-to-Ground Missile (JAGM) requirement.
The $65 million contract will provide for a Preliminary Design Review (PDR) and then ultimately allow mating of the Raytheon guidance sections with other missile components. Raytheon will continue to utilize their tri-mode seeker developed as part of the Small Diameter Bomb (SDB) program.
Lockheed received a $64 million contract at the end of Fiscal Year 2012 for the same purpose.
The JAGM is a new missile that will replace the existing Hellfire and Maverick missiles launched from a variety of helicopters and fixed wing aircraft to strike ground and vehicle targets. The Hellfire has seen a great deal of use in Afghanistan and Iraq providing precision fire support for ground troops.
The Army had looked at cancelling JAGM but decided instead to continue development through these small contracts. If the program does go on to complete development and enter production the requirement could be for thousands of missiles at a cost of $10-12 billion. The Hellfire has also seen significant Foreign Military Sales (FMS) and the JAGM would be expected to as well.
Raytheon JAGM mock up photo by Author.
Filed under: Business Line, Companies, Contract Awards, development program, Events, logistics, Raytheon, Services, U.S. Marine Corps, U.S. Navy
One of the issues that Afghanistan has raised for the U.S. and its Coalition partners is the high cost of fuel and also the difficulties in transporting it. Due to the terrain and mine/IED threat much of the supplies and people needed are moved by air. This greatly increases the cost of a gallon of fuel at its final destination point. Demand for this commodity is not only driven by the need to power vehicles but also to generate the large amounts of electricity needed for modern combat systems.
To counter this the U.S. Department of Defense has been investing in different types of renewable energy to see if it may be used to supplement their standard diesel powered generators. This has included fuel cells, solar power and other ideas to reduce reliance on those units. Generators also provide large noise and heat signatures which could aid in enemy targeting of facilities and bases.
The Office of Naval Research (ONR) continuing this trend recently awarded Raytheon (RTN) a contract to work on hybrid solar/diesel generators to support deployed U.S. Marine Corps troops.
The goal of the two year demonstration contract is to work on prototypes with the potential of a further contract to build a working full scale system.
While some have criticized the Pentagon for the amount it is spending on green fuels and renewable energy for uses such as this it makes sense as it will lessen the logistic burden as well as reducing threats through lower signatures.
Photo from USAG-Humphrey’s Flickr Photostream.
Filed under: Alabama, Business Line, Companies, Contract Additions, Contract Awards, development program, Events, MDA, missile defense, production program, Raytheon, Services, States
As the Fiscal Year 2012 comes to an end contracts continue to be awarded although they should dry up as the government moves to begin closing out the books on this year and begin executing next year’s budget. FY 2013 looks to start with an extended Continuing Resolution Authority (CRA) which could limit what can be done with available funds.
One program that has had steady awards is Raytheon’s (RTN) work producing the SM-3 missile for the U.S. Missile Defense Agency (MDA). The SM-3 is part of the ship based AEGIS system and is optimized to engage enemy ballistic missiles. Further versions are being developed to deal with more complicated and longer range threats but the SM-3 has been tested several times in Hawaii and is equipping the U.S. and Japanese AEGIS ships.
The most recent award was for 19 missiles and has a value of over $200 million. This follows a contract awarded in July worth almost a billion dollars for development effort for a new version of the missile.
Raytheon is building a new facility in Huntsville, AL to produce the SM-3 missiles.
Filed under: Business Line, Companies, Contract Additions, Contract Awards, Department of Defense, development program, Events, MDA, missile defense, production program, Raytheon, Services
Following up on a recent award for the development of a kill vehicle for the Army operated Ground Based Midcourse system based in Alaska worth over $600 million, Raytheon (RTN) received another contract for a new ship based missile. Raytheon currently produces versions of the STANDARD Missile (SM)-2 and SM-3 to provide air as well as missile defense from ships of the U.S. and Allied Navies.
The new contract which is worth over $900 million will be for the new SM-3 Block IIA missile. This version of the missile will have larger, more powerful second and third stage motors along with a new warhead.
Both contracts will work with systems designed to intercept the missile outside the Earth’s atmosphere utilizing hit-to-kill technology. Raytheon as part of the AEGIS Weapon System and SM missile team has been involved with U.S. Navy efforts to develop missile defense systems for almost 20 years.
Filed under: Business Line, Companies, development program, Events, missile defense, production program, Raytheon, Seeking Alpha
Here is an exclusive article I wrote for Seeking Alpha about Raytheon’s (RTN) near term stock performance.
Filed under: Business Line, Companies, Earnings, Events, Lockheed Martin, Raytheon, Seeking Alpha
Filed under: Business Line, Companies, development program, Events, Press Releases, Raytheon
Raytheon’s JLENS Successfully Completes 14-day Endurance Test
Aerostat system detects cruise missiles and supports engagement
TEWKBURY, Mass., Oct. 11, 2011 /PRNewswire/ — Raytheon Company’s (NYSE: RTN) aerostat system — Joint Land Attack Cruise Missile Elevated Netted Sensors (JLENS) — recently completed a successful 14-day endurance test at a range in Utah demonstrating its readiness.
“Providing persistent surveillance for cruise missile defense is a very important capability of JLENS,” said David Gulla, vice president for Global Integrated Sensors at Raytheon Integrated Defense Systems (IDS). “This recent 14-day endurance test demonstrates JLENS’ capability now to be airborne on station for an extended period performing its surveillance mission at lower costs than other systems and in a reliable manner. This test, along with others, is proving JLENS’ value as a critical component of the larger integrated air and missile defense mission.”
“While up for 14 days, JLENS tracked thousands of targets over a very wide area,” said Mark Rose, Raytheon’s program director for JLENS. “This test not only demonstrates the system’s readiness, but also the significant capabilities it brings to the warfighter.”
Raytheon is conducting JLENS flight tests at the Utah Training and Test Range near Salt Lake City. The system is primarily designed to detect, track and support engagements of cruise missiles and other air breathing aircraft. JLENS is fully capable of detecting air, missile and surface threats on land and at sea. Providing reliable persistent surveillance — staying aloft and operational for up to 30 days at a time — is another important feature of the system.
The system, known as an “orbit,” consists of two tethered 74-meter aerostats that can be elevated to 10,000 feet. One aerostat contains a surveillance radar that provides 360-degree coverage out for long distances over land and sea. The other aerostat lifts a fire control radar. Also, each of the aerostat platforms has the capability to integrate other communications and sensor systems.
Raytheon Company, with 2010 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 89 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 72,000 people worldwide. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter at @raytheon.
Filed under: Business Line, Companies, Contract Awards, Countries, development program, England, Events, IT, Protest, Raytheon, Restructuring, Services
In 2010 Raytheon’s (RTN) earnings were reduced due to the decision by the British Government to cancel a border security database program that the Massachusetts based company had been contracted to build for the European country. The contract had been awarded by the previous Labour government and had a goal of keeping track of everyone entering or leaving the country. In the first quarter of this year Raytheon took a charge of about $80 million due to winding down of this contract.
The contract was not a small one valued at over $1 billion and its cancellation was not only a blow to Raytheon’s bottom line but also to there ability to grow this area of their business. It was not a traditional area for the company and success here potentially would have led to much greater opportunities with other governments interested in investing in the same capability.
Now Raytheon has announced that they are suing the U.K. for over $750 million due to unlawful termination and for damages. If they are successful they will recover most of the money they were due to gain by carrying out the contract.
In the United States contracts may be terminated for two reasons: cause and needs of the government. If for cause which is usually non-performance then the contractor is not guaranteed any money related to the termination but these are negotiated. If for needs of the government then termination costs must be paid. Normally these are identified up front so the government will know what they are and usually are based on buying material, paying for work not billed yet and for shutting down facilities.
In this case Raytheon is claiming unlawful termination and is due damages. The company’s believes that there product met the U.K.’s requirements as they were aware of them and thus they were performing. They said the customer was not clear on the requirements and it would be hard to claim they were non-performing when they had not metrics to measure against.
If Raytheon wins some or all of this money it will clearly help there future revenue in the short term. Obviously the suit will be first cleared by a Court or arbitrator and then the damages calculated. It could still be zero if the ruling body agrees with the U.K. government or it could be some amount up to $750 million.
No company likes to lose a contract especially if they feel they lost it for the wrong reasons. This is why there is a protest process and suits like this. The end result will most likely be a negotiated settlement unless the U.K. can prove that Raytheon clearly understood the contract’s requirements and metrics.
POMPANO BEACH, Fla.–(BUSINESS WIRE)–Cyclone Power Technologies Inc. (Pink Sheets: CYPW), developer of the all-fuel, clean-tech Cyclone Engine, announced that Raytheon Integrated Defense Systems (IDS), a business of Raytheon Company, has placed an initial purchase order for multiple engines from Cyclone. This contract is valued at approximately $400,000. The work will be performed at Cyclone’s facility in Florida. These initial purchased engines, named the MantaRay, are based on the company’s M
Department of Defense Sued for Refusing to Release Raytheon Contracting Data, According to the American Small Business League
PETALUMA, Calif.–(BUSINESS WIRE)–The American Small Business League (ASBL) has filed suit against the U.S. Department of Defense (DoD) after the agency refused to release subcontracting reports on contracts awarded to Raytheon.
POMPANO BEACH, Fla.–(BUSINESS WIRE)–Cyclone Power Technologies Inc. (Pink Sheets: CYPW) has successfully completed a third phase of performance tests of its heat-regenerative external combustion engine for Raytheon Integrated Defense Systems (IDS), a business of Raytheon Company. The tests verified by Raytheon demonstrated that Cyclone’s prototype, water-cooled “Stingray” engine achieved thermal efficiencies over 30%. Applied to a large diameter unmanned undersea vehicle, such efficiency yield
Filed under: Business Line, Companies, Events, Press Releases, production program, Raytheon
U.S. Army Selects Raytheon for Next-Generation Excalibur Ib Program
TUCSON, Ariz., Aug. 30, 2010 /PRNewswire/ — Raytheon Company (NYSE:RTN) has won the competition for the next phase of Excalibur Ib and has been awarded a $23 million U.S. Army contract to finalize the next-generation 155 mm precision-guided projectile’s design. Delivery of the Excalibur Ib rounds is projected to occur in 2012.
Based on the combat-proven Excalibur Ia, Excalibur Ib uses GPS technology to provide a first round, fire-for-effect, precision capability that limits collateral damage. Whether “danger close” or across a valley, Excalibur projectiles give warfighters life-saving options.
“Raytheon’s Excalibur Ib design will give our warfighters a pinpoint precision capability that will limit collateral damage while protecting the brigade combat teams,” said Dr. Taylor Lawrence, Raytheon Missile Systems president. “Excalibur Ib is an affordable, reliable solution to the U.S. Army’s need for precision artillery fire.”
The Excalibur Ib program met the U.S. Army’s cost reduction goals and increased its reliability by using fewer parts and simpler manufacturing.
“With more than 100 successful test flights during its development, Raytheon’s Excalibur Ib team demonstrated the unwavering reliability and robust capability of its design,” said Jim Riley, Raytheon’s vice president of Land Combat.
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.
Source: Raytheon Company
June 24, 2010
TEWKSBURY, Mass., - The Office of Naval Research has awarded a contract to Raytheon Company (NYSE: RTN) to develop next-generation phase-change cooling system technology for the U.S. Navy.
The Advanced Naval Cooling System (ANCS) program will develop system level solutions for implementing phase-change cooling technologies in future naval combatants. Raytheon's unique solution was selected because it can provide increased performance and improved cooling density, resulting in substantial life-cycle cost savings.
"The ANCS program solves scientific and technical challenges that have prevented systems from taking advantage of the much higher performance enabled by two phase cooling," said Michael Del Checcolo, vice president of Engineering for Raytheon Integrated Defense Systems (IDS). "This solution draws upon Raytheon's extensive experience in developing advanced thermal management technologies for high-power defense electronics."
This program is expected to last 30 months and will include two phases. The contract has a potential worth of $2.1 million if all options are exercised. Raytheon IDS will perform the work for this contract at the Surveillance and Sensors Center, Sudbury, Mass.
May 27, 2010
WALTHAM, Mass., - Raytheon Company (NYSE: RTN) announced today that its Board of Directors has declared a quarterly cash dividend of $0.375 cents per outstanding share of common stock. The cash dividend is payable on August 12, 2010 to shareholders of record as of the close of business on July 6, 2010.
April 13, 2010
WALTHAM, Mass., -- Raytheon Company (NYSE: RTN) will issue its first quarter 2010 earnings news release at 7:00 a.m. EDT Thursday, April 22, 2010. The release will be posted on the Raytheon home page.
Raytheon's first quarter 2010 earnings results conference call will be at 9:00 a.m. EDT on Thursday, April 22, 2010. The call will be audiocast on the Internet. Charts to be referenced during the call will be available on the website for printing prior to the call.
Participants are urged to check the website ahead of time to ensure their computers are configured for the audio stream. Instructions for obtaining the required downloadable software are posted to the site.
March 17, 2010
WASHINGTON, -- Raytheon Company's (NYSE: RTN) Missile Systems business has established a missile defense product line. Already a world leader in missile defense, the company's new Air and Missile Defense Systems product line will create even greater alignment with its Missile Defense Agency customer.
"Missile defense is a major component of the company's portfolio," said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. "With a broad array of products and solutions, Raytheon is ideally positioned to meet present and emerging missile defense requirements."
The Air and Missile Defense Systems product line includes proven RMS missile defense programs such as Standard Missile-3, Exoatmospheric Kill Vehicle and development programs such as the Network Centric Airborne Defense Element.
"This move positions us for greater customer and mission focus, which will lead to even higher quality and execution," added Lawrence.
July 6, 2009
YUMA PROVING GROUND, Ariz., -- Raytheon Company (NYSE: RTN) fired two precision-guided projectiles from a Paladin gun system during the first guided flight test of the Raytheon Excalibur Ib program.
The Excalibur Ib is a precision-guided artillery projectile based on Raytheon's combat-proven Excalibur 1a. The tests demonstrated how the new base design, changes to the Excalibur Ia warhead, fuzing and control actuation system work together to simplify the design, reducing round production costs and increasing system reliability.
The rounds, with Raytheon's new fixed-base design, software, and Excalibur Ia guidance and control section, exited perfectly from the gun tube, demonstrating correct fin erection and stable flight.
"Our robust and well thought out test program has achieved more than 50 successful test firings in less than a year," said Kevin Matthies, Raytheon's Excalibur Ib program director. "The Raytheon Excalibur Ib team continues to demonstrate the success of Raytheon's increased reliability design."
Raytheon's Excalibur Ib features a titanium base, uses fewer parts and requires simpler manufacturing than Excalibur Ia. Excalibur Ib is expected to reach full-rate production in 2016.
Filed under: Alabama, EADS, General Dynamics, KC-X, KC-X Tanker News, Lockheed Martin, Northrop Grumman Corp., Raytheon, Syndicated Industry News
Aviation Week is reporting that EADS-North America felt it needed an partner on the KC-X contract as it was not comfortable being the prime for such a large effort. While EADS has experienced some decent growth in the U.S. it still has a fairly lean organization.
The company was confident that they could provide to Northrop the basic airframes on cost and schedule. Northrop would have then been responsible for the necessary military modifications. EADS would have had to find a partner in General Dynamics, Raytheon or Lockheed Martin. There would be few large contractors available in the U.S. with the past experience to support a contract of this size.
Filed under: Companies, Contract Awards, Countries, missile defense, production program, Raytheon, UAE
It has been reported that as part of Raytheon’s contract to build PATRIOT air and missile defense systems for the United Arab Emirates (U.A.E.) a contract was awarded to Beckwood Services of New Hampshire. The manufacturer of sub-components for electrical mechanical systems will have to grow its work force to support this contract.
U.A.E. signed last year a big deal for PATRIOT and THAAD systems to provide defense of itself. The presumed threat is Iran which has been investing in short ranged ballistic missiles. U.A.E. has been investing billions on its military
February 8, 2010
WALTHAM, Mass., Feb. 8, 2010 -- Raytheon Company (NYSE: RTN) announced today that William H. Swanson, Raytheon chairman and chief executive officer, and David C. Wajsgras, Raytheon senior vice president and chief financial officer, will speak at Barclays Capital's Industrial Select Conference on Wednesday, February 17, 2010. Their presentation is scheduled to start at 8:50 a.m. ET.
Swanson's and Wajsgras' remarks will be audiocast live (listen-only mode) through the Raytheon web site, http://www.raytheon.com/ir. A replay will be available through the Raytheon web site approximately 1 hour after the conclusion of the live audiocast and will remain available for seven days following the conference. No charts will be used.