Multi-year contracts are setting up Raytheon and other defense contractors to report solid financial results during the next few years even if Pentagon spending plateaus or slightly decreases, Raytheon’s chief executive told analysts today.
The next phase of the Navy’s effort to replace its decades-old ALQ-99 jamming systems on its fleet of electronic warfare aircraft is in a holding pattern amid a protest from a company cut from the competition, USNI News has learned. Read More
The Japanese government has selected Lockheed Martin to outfit its defense forces with Aegis Ashore equipment worth an estimated $2.34 billion, according to media reports.
Hypersonic missiles – weapons traveling more than five times the speed of sound toward targets on land, in the air and at sea — are suddenly being touted by defense contractors as a promising revenue source, industry analysts heard during the second quarter financial results season. Read More
The NATO Seasparrow Project Office recently conducted the first live fire test of the Evolved Seasparrow Missile (ESSM) Block 2 anti-air missile, proving out the missile’s new seeker. Read More
The Norwegian-designed Naval Strike Missile has been officially selected to serve as the Littoral Combat Ship’s over-the-horizon anti-ship weapon, according to a Thursday Pentagon contract announcement. Read More
The Royal Australian Navy is set to become the first foreign force using Raytheon’s sensor-netting system that creates a real-time composite network picture for operators at sea.
North Korea’s recent provocations are prompting Washington, Tokyo and Seoul to rethink how to deter Pyongyang’s nuclear power ambition with the help of China, experts on Asian defense policy said on Tuesday. Read More
Two missiles launched from the guided-missile destroyer USS John Paul Jones (DDG-53) bullseyed a complex medium-range ballistic missile target in a successful test off Hawaii, the Missile Defense Agency announced on Wednesday. Read More
TUCSON, ARIZ. — The Navy and Raytheon are close to signing a deal to integrate a new sensor into the Tomahawk Land Attack Missile to allow the missile to attack moving targets at sea, the head of the Navy’s Tomahawk program told USNI News on Tuesday. Read More