Stock Monitor: HEICO Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 14, 2018 / If you want access to our free research report on Raytheon Co. (NYSE: RTN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=RTN as the Company's latest news hit the wire. On June 12, 2018, the Company announced that it was awarded a $129.9 million contract by the US Army for the continued production of the tube-launched, optically-tracked, wireless-guided TOW® (Tube-launched, Optically tracked, Wire-guided) weapon system. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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The award is a modification to Raytheon's existing $320 million production contract. The system will be in service with the US military through 2050.

Raytheon Expects to Produce and Deliver TOW Missiles for Many Years to Come

Commenting on the announcement, Kim Ernzen, Raytheon Land Warfare Systems Vice President, stated that TOW's precision and firepower give the US and allied ground troops a significant advantage on the battlefield. Ernzen added that worldwide demand for TOW continues to be strong, and the Company expects to produce and deliver it for many years to come.

Raytheon has delivered more than 690,000 TOW weapon systems to the US and allied warfighters.

Deal for Supplying TOW Missiles to the US Army Contracting Command

News report suggests that in October 2017, Raytheon's RTN business segment, Missile Systems, secured a contract for supplying TOW missiles. These missiles are provided to the US Army, Marine Corps, and foreign military sales customers. Valued at $300.1 million, the contract was awarded by the US Army Contracting Command, Redstone Arsenal, Alabama. The work related to the deal is being executed in Tucson, Arizona, and Farmington, New Mexico. The Company is utilizing fiscal years 2010, 2015, 2016, and 2017 other procurement, Army; foreign military sales; and American Recovery and Reinvestment Act funds to complete the task by July 31, 2020.

Raytheon's Last Contract with US Army

On March 26, 2018, the Company received a contract to sustain and modernize missile defense and other strategic systems operated by the US Army, combatant commands, and other government agencies. Raytheon is using its expertise in commercial software practices to speed delivery of software upgrades across the supported systems to improve them without interrupting critical missions. The $600 million, three-year contract was first announced in June 2017, and a protest was withdrawn in February 2017.

About TOW® Weapon System

The tube-launched, optically-tracked, wireless-guided TOW® weapon system, with the multi-mission TOW 2A, TOW 2B Aero, and TOW Bunker Buster missiles, is the premier long-range, heavy assault-precision anti-armor, anti-fortification, and anti-amphibious landing weapon system used throughout the world today. The TOW missile enables ground forces to achieve overmatch against adversary armored and wheeled systems, regardless of the environment or conditions. With its extended range performance, the TOW missile is the long-range precision, heavy anti-tank, and assault weapon system of choice for the US Army Stryker, Bradley Fighting Vehicle, ITAS High-Mobility Multipurpose Wheeled Vehicle, and Light Armored Vehicle Anti-Tank platforms.

About Raytheon Co.

Founded in 1922 and headquartered in Waltham, Massachusetts, Raytheon is a technology and innovation leader specializing in defense, civil government, and cybersecurity solutions. Raytheon provides state-of-the-art electronics, mission systems integration, C5I? products and services, sensing, effects, and mission support services.

Stock Performance Snapshot

June 13, 2018 - At Wednesday's closing bell, Raytheon's stock marginally dropped 0.55%, ending the trading session at $205.47.

Volume traded for the day: 2.28 million shares, which was above the 3-month average volume of 1.90 million shares.

Stock performance in the previous six-month period ? up 9.83%; past twelve-month period ? up 27.32%; and year-to-date - up 9.38%

After yesterday's close, Raytheon's market cap was at $59.28 billion.

Price to Earnings (P/E) ratio was at 25.67.

The stock has a dividend yield of 1.69%.

The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry.

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