) announced mentor-protege agreements with small businesses, ISYS
Technologies and Equipment Links, Inc. The agreements demonstrate
Raytheon's commitment to helping small businesses gain
contracting expertise and develop core competencies necessary for
doing business with U.S. government customers.
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Raytheon and ISYS Technologies signed a two-year U.S. Air
Force-sponsored mentor-protege program agreement to work on
several Raytheon programs. Headquartered in Littleton, Colorado,
ISYS Technologies focuses on providing information technology and
engineering services to government customers. As a protege, ISYS
will leverage Raytheon's expertise and resources to enhance its
cyber capabilities, including cybersecurity skills and
certification. The companies will work together to deliver
complex cybersecurity solutions for NASA, the U.S. Air Force and
the Department of Defense (DoD).
Equipment Links, a veteran-owned small business, entered into a
mentor-protege agreement with Raytheon. Based in Henderson,
Nevada, Equipment Links provides asset management solutions,
specializing in efficiency-driven reliability centered
maintenance (RCM) processes. Equipment Links will help establish
RCM processes across Raytheon's customer programs and also used
for NASA, DoD and other federal civilian agencies.
Raytheon's IIS Supplier Diversity program strives to provide an
inclusive environment to do business with small, minority-owned,
women-owned, veteran-owned (including service disabled veterans)
and HUBZone businesses. The mentor-protege relationship connects
large business, prime contractors with small businesses in a
mutually beneficial agreement through the Supplier Diversity
program. IIS currently has two other additional active
mentor-protege programs, sponsored by the National Geospatial
Based in Waltham, Massachusetts, Raytheon Company is a technology
and innovation leader specializing in defense, homeland security
and other government markets throughout the world. The company
provides high-tech electronics, mission systems integration and
other capabilities in the areas of sensing; effects; and command,
control, communications and intelligence systems, as well as a
broad range of mission support services.
Raytheon is one of the best-positioned companies among the
large-cap defense players due to its non-platform-centric focus,
as well as its strong order bookings and order backlog of
approximately $36.2 billion at the end of 2012.
Raytheon plays an important role in missile defense and is
ideally positioned to help the U.S. and its allies achieve
current and future missile defense goals. Given the declining
trend in the U.S. defense spending, the company is one of the
best-positioned companies among the large-cap defense players.
Revenue and earnings growth continue to be driven by a strong
presence in the areas of Intelligence, Surveillance and
Reconnaissance ("ISR"); air & missile defense systems; border
security; air traffic management; training and homeland security;
and cyber security. Also, its non-platform centric focus
insulates it from cancellation or deferral of specific platform
Looking forward, the company enjoys strong order bookings and
order backlog, an improving balance sheet, and growing cash flow,
besides operational improvements. Future growth will be driven by
its focus on ISR unmanned systems, training, cyber security,
Standard Missile-6, Patriot, Zumwalt and THAAD.
However, these positives are offset by apprehensions over the
future growth of the U.S. defense budget, the fate of high-cost
programs, risks related to key project executions and order
cancellations. The company presently retains a short-term Zacks
Rank #3 (Hold).
Other stocks to consider are
The Boeing Company
Lockheed Martin Corporation
FLIR Systems, Inc.
) all of which presently carry a short-term Zacks Rank #2