) operating subsidiary, Raytheon BBN Technologies, received
supplementary funding of $1.7 million from Intelligence Advanced
Research Projects Activity (IARPA) to carry forward its research
and development (R&D) activity under the Foresight and
Understanding from Scientific Exposition (FUSE) program.
FUSE is designed to develop techniques that will enable
analysts and subject matter experts to decode evolving
technologies in published scientific, technical and patent
literatures. The current funding is a follow up to the $5.2
million that was awarded to Raytheon by IARPA for the first stage
of the R&D project.
In the first phase, Raytheon created a system that utilizes
analytical methods and algorithms to crack related topics in a
variety of printed materials and recognized options that have the
potential to develop into technical solutions.
With the additional funding Raytheon will advance its methods
with finer-grained models and apply them to predict future
interest levels on a specific technology on the basis of patent
forms, grants as well as on scientific papers in various
Of late, domestic contract flows for Raytheon have been
low-priced owing to the defense budget austerity in the U.S. We
believe the continued cutbacks in the sector will weigh on the
However, strong international orders will provide a respite to
Raytheon's business. Recently, the company announced its proposed
signing of a $2.1 billion deal with Oman for the supply of an air
defense system. It expects overseas orders to rise by 20% in
2013. Raytheon at present carries a Zacks Rank #3 (Hold).
Erickson Air-Crane Incorporated
), an operator in the defense sector is currently performing well
and has a Zacks Rank #1 (Strong Buy). Also, to look for are
Northrop Grumman Corporation
B/E Aerospace, Inc.
), each holding a Zacks Rank #2 (Buy).
Based in Waltham, Mass., Raytheon Company, together with its
subsidiaries, provides electronics, mission systems integration,
and other capabilities to the U.S. and internationally.
B/E AEROSPACE (BEAV): Free Stock Analysis
ERICKSON AIR-CR (EAC): Free Stock Analysis
NORTHROP GRUMMN (NOC): Free Stock Analysis
RAYTHEON CO (RTN): Free Stock Analysis Report
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