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4-Traders Homepage  >  Equities  >  Nyse  >  Raytheon Company    RTN

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Raytheon : Wins $128 million advanced mobile sensors program

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02/27/2017 | 03:01pm CET

DULLES, Va., Feb. 27, 2017 /PRNewswire/ -- The U.S. Air Force awarded Raytheon Company (NYSE: RTN) a four year indefinite-delivery/indefinite-quantity contract known as "Mobile Sensors" valued up to $128 million. Raytheon will operate and maintain the Cobra King radar aboard the United States Naval Ship Howard O. Lorenzen (TAGM-25) and the Gray Star radar aboard the USNS Invincible (TAGM-24).

"Raytheon is sustaining and modernizing the advanced sensor systems the Air Force depends on to succeed on today's digital battlefield," said Todd Probert, vice president of Mission Support and Modernization at Raytheon Intelligence, Information and Services. "We will keep Cobra King and Gray Star available 24 hours a day, 7 days a week, no matter where they are in the world."

The two shipboard radars are forward deployed supporting U.S. Pacific Command and U.S. Central Command. Raytheon personnel deploy aboard the ships to operate and maintain the radars and their subsystems. Raytheon also provides engineering and logistics support.

Raytheon has a 16 year history on the program and is the developer of the Cobra King radar.

About Raytheon
Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 95 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I(TM) products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.

Media Contact
Raytheon
Rachael Duffy
571-250-1517
Rachael.L.Duffy@raytheon.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/raytheon-wins-128-million-advanced-mobile-sensors-program-300413625.html

SOURCE Raytheon Company

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Financials ($)
Sales 2017 25 078 M
EBIT 2017 3 221 M
Net income 2017 2 168 M
Debt 2017 1 755 M
Yield 2017 2,01%
P/E ratio 2017 20,81
P/E ratio 2018 18,51
EV / Sales 2017 1,88x
EV / Sales 2018 1,79x
Capitalization 45 347 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 168 $
Spread / Average Target 8,2%
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Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Kevin Neifert Chief Information Officer
Michael C. Ruettgers Independent Director
William R. Spivey Independent Director
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