raytheon company (RTN) Key Developments
Raytheon Company Appoints Wesley D. Kremer as President, Integrated Defense Systems
Jul 30 15
Raytheon Company announced the appointment of Wesley D. Kremer as President, Integrated Defense Systems, effective immediately. Kremer previously served as vice president of the Air and Missile Defense Systems (A&MDS) product line of Raytheon Missile Systems. He succeeds Daniel J. Crowley, who informed the company of his intention to resign from Raytheon on December 31, 2015. Crowley will complete work on a special assignment for the company in the interim period prior to his departure. His most recent role as vice president of A&MDS product line included leadership of the company's Standard Missile-3, Standard Missile-6, Exoatmospheric Kill Vehicle (EKV), Redesigned EKV (RKV) and Israeli Cooperative Programs, as well as Advanced Kill Vehicles and European Missile Defense efforts.
Raytheon Company Installs First GPS OCX Hardware
Jul 29 15
Raytheon Company has installed the first operational hardware for the Global Positioning System's Next Generation Operational Control System, known as GPS OCX. The new ground command and control system will significantly modernize U.S. GPS capabilities and manage the next generation of GPS satellites. Installation of the Launch and Checkout System (LCS) hardware was completed in early July at Schriever Air Force Base in Colorado, the eventual home for the new GPS OCX Master Control Station. GPS OCX will deliver a host of new capabilities, including automation for operational efficiencies, improved accuracy, interoperability with geo-positioning and navigation systems of other nations for better global coverage, and a cyber security architecture that provides unprecedented levels of protection. The Launch and Checkout System delivers a large subset of the full OCX ground system capabilities, and establishes the OCX cyber-hardened infrastructure for additional mission applications that will be added to complete the Block 1 capability.
Raytheon Co. Wins Multi Federal Contracts
Jul 25 15
Raytheon Co. announced that it was awarded a $180,360,062 firm-fixed-price federal contract by the U.S. Naval Air Systems Command, Patuxent River, Maryland, for 200 AGM-154C-1 unitary joint stand-off weapon missiles for the Navy and 355 AGM-154 Block III C unitary joint stand-off weapon missiles for the government of Saudi Arabia. The place of performance will be in Dallas; McAlester, Oklahoma; and Tucson, Arizona. The company also won a $3,724,499 federal contract from the U.S. Air Force Materiel Command's Air Force Life Cycle Management Center, Eglin Air Force Base, Florida, for operational flight software.
Raytheon Company Elects Robert Bob Beauchamp as A Director
Jul 24 15
The Board of Directors of Raytheon Company has elected Robert Bob Beauchamp as a director, effective immediately. Beauchamp is chairman, president and CEO of BMC Software Inc. He joined BMC in 1988 and has served as president and CEO since 2001. Beauchamp was named board chairman of BMC in 2008. Beauchamp serves as an independent director of National Oilwell Varco Inc. He also serves on the Board of Regents of Baylor University.
Raytheon Company Declares Quarterly Cash Dividend, Payable on Nov. 12, 2015
Jul 23 15
Raytheon Company announced that its Board of Directors has declared a quarterly cash dividend of $0.67 per outstanding share of common stock. The cash dividend is payable on Nov. 12, 2015, to shareholders of record as of the close of business on Oct. 7, 2015.