RTX

Raytheon Technologies is on its way to cutting at least 15,000 employees in response to the company’s recent merger and the fallout from COVID-19, the aerospace and defense giant’s CEO told an investor conference, and likely more will occur.

Raytheon will focus on developing the seeker for a naval gun-fired, guided missile interceptor.

The Raytheon-built radar jammer confirmed safety-of-flight characteristics during the sortie by the VX-23 flight test squadron at Naval Air Station Patuxent River, Maryland.

In what might be a rare reference to the Lockheed Martin AIM-260 program, the Senate Armed Services Committee (SASC) slipped an authorization into the

A planned, sole-source $9.9 million contract will support a new Missile Defense Agency High-Power Microwave Testbed with Raytheon’s technology.

U.S. defense prime contractors and aerospace OEMs will sell their 20-year-old industry consultancy Exostar to private equity buyer Thoma Bravo

Total deal value in 2019 grew 62% to almost $94 billion compared with 2018, PwC says.

BAE Systems’ move to bulk up its U.S. defense subsidiary with the acquisitions of a core piece of the erstwhile Rockwell Collins and a competitor unit to rival prime L3Harris Technologies will come at a premium, analysts said.

BAE is expected to pay $1.925 billion for Collins’ GPS business and another $275 million for Raytheon’s radio business

Lockheed Martin has won a sixth prime contractor role in a U.S. hypersonic missile program.

The U.S. Army is grappling with a $34 million reduction to its Future Attack Reconnaissance Aircraft Competitive Prototype effort.

The U.S. Air Force intends to cancel Raytheon’s contract for a next-generation, three-dimensional, long-range radar.

Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.

Private equity-backed Shimtech Industries has purchased Fastener Technology Corp.