Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 09/30 08:21:42 pm
136.07 USD   -0.34%
06:18p HARRIS : delivers first next-generation GPS receiver to Raytheon
05:01p RAYTHEON : US Navy achieves longest range surface-to-air intercept i..
02:01p RAYTHEON : to start transition to production planning of Gallium Nit..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Harris : delivers first next-generation GPS receiver to Raytheon

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/30/2016 | 06:18pm CEST

Harris Corp. on Sept. 28 said it delivered the first of 34 modernized satellite receivers to Raytheon for the next-generation GPS ground system Raytheon is developing for the U.S. Air Force.

Aurora, Colorado-based Raytheon Intelligence, Information and Services is the prime contractor for the Air Forces behind-schedule and over-budget Operational Control System (OCX), which will eventually replace the current GPS ground system.

Harris, which is supplying a total of 34 GPS receivers plus encryptors and software under a 2010 subcontract Raytheon awarded to its legacy Clifton, New Jersey-based Exelis unit, shipped the initial production unit to Aurora after the hardware passed a critical electromagnetic interference test.

While the balance of the receivers Harris has yet to deliver will be installed in GPS monitoring stations around the globe, the production unit it just sent to Raytheon will stay in Aurora as OCX software development and integration continues.

In addition to the receiver, Harris has already delivered 14 ground encryptors that will help protect the GPS signal.

The Air Force in June declared a Nunn-McCurdy breach on OCX, which is five years behind schedule and $1 billion over budget. The declaration starts the clock on a process that will result in the termination of the program unless the Secretary of Defense vouches that OCX is vital to national security, is getting back on track, and the only reasonable option for getting the job done.

The Air Force has been struggling with OCX even as it gears up to pick a contractor to build the next batch of GPS-3 satellites. The first of eight Lockheed Martin-built GPS 3 satellites is now slated to launch in May. Earlier this year, the Air Force awarded $5 million production readiness contracts to Lockheed, Boeing and Northrop Grumman to hone their proposals for building up to 22 more GPS 3 satellites.

The United States currently has 32 GPS 2 satellites in orbit.

(c) 2016 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RAYTHEON COMPANY
06:18p HARRIS : delivers first next-generation GPS receiver to Raytheon
05:01p RAYTHEON : US Navy achieves longest range surface-to-air intercept in naval hist..
02:01p RAYTHEON : to start transition to production planning of Gallium Nitride technol..
01:42p RAYTHEON : MILITARY $59.62 Million Federal Contract Awarded to Raytheon
09/29 RAYTHEON WINS MDA GALLIUM NITRIDE RA : Companies Shift To GaN
09/29 RAYTHEON : Federal Contracts Awarded to Companies in Rhode Island (Sept. 29)
09/29 RAYTHEON : Federal Contracts Awarded to Companies in Kentucky (Sept. 29)
09/29 RAYTHEON : Patent Issued for Multi-Spectral Optical Tracking System and Methods ..
09/29DJLOCKHEED MARTIN : Wins Contract to Install Weapons on Australian Submarines
09/29DJLOCKHEED MARTIN : Wins Contract to Install Weapons on Australian Submarines
More news
Sector news : Aerospace & Defense - NEC
06:37pDJAIRBUS : Tightens Belt With Corporate Shake-Up -- Update
11:26aDJAirbus Tightens Belt With Shake-Up
09:46aDJAIRBUS : Tightens Belt With New Corporate Shake-Up
08:57aDJAIRBUS : Tightens Belt With New Corporate Shake-Up
12:22a AIRBUS : to merge with its jetmaking unit - sources
More sector news : Aerospace & Defense - NEC
News from SeekingAlpha
09/29 Raytheon chosen for cybersecurity research
09/27 CPI Aero expands work on Raytheon jammer pod
09/26 Who Should Acquire Imperva?
09/26 LONG LEASH PORTFOLIO : Raytheon
09/26 Donald Trump Could Win, Which Sectors Would Benefit?
Advertisement
Financials ($)
Sales 2016 24 431 M
EBIT 2016 3 217 M
Net income 2016 2 198 M
Debt 2016 2 216 M
Yield 2016 2,11%
P/E ratio 2016 18,42
P/E ratio 2017 17,85
EV / Sales 2016 1,74x
EV / Sales 2017 1,66x
Capitalization 40 292 M
More Financials
Chart RAYTHEON COMPANY
Duration : Period :
Raytheon Company Technical Analysis Chart | RTN | US7551115071 | 4-Traders
Full-screen chart
Technical analysis trends RAYTHEON COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 155 $
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RAYTHEON COMPANY9.64%40 292
UNITED TECHNOLOGIES CO..5.19%84 580
LOCKHEED MARTIN CORPOR..11.60%73 406
GENERAL DYNAMICS CORPO..13.29%47 504
AIRBUS GROUP-14.03%46 197
NORTHROP GRUMMAN CORPO..13.13%38 145
More Results