Markets
NOC

Raytheon (RTN) Gets $200M Missile Defense Agency Contract

a generic image of a graph
Credit: Shutterstock photo

Raytheon Company 's RTN business segment, Integrated Defense Systems ("IDS"), has recently received a $200 million modification to an indefinite-delivery/indefinite-quantity ("IDIQ") contract from Missile Defense Agency, Huntsville, AL.

The total contract value now is $910.5 million, significantly higher than the previous value of $710.5 million.

Per the modified contract, Raytheon will continue to maintain hardware and software, provide engineering and limited modeling and simulation support as well as plan, execute and analyze accepted radars and Ballistic Missile Defense System tests.

The contract work will be performed at Woburn, MA. Ordering period of the contract, which starts from Nov 1, 2015, is expected to continue till Oct 31, 2017.

Raytheon's IDS mainly provide air and missile defense, large land and sea-based radars and systems for managing command, control, communications, computers and intelligence. It also makes air traffic management systems, sonars, torpedoes and electronic systems for ships.

Apart from focusing on missile defense capabilities, Raytheon works hard on bagging orders in various fields from the U.S. government. Recently, the company was selected by the U.S. Department of Homeland Security to provide full lifecycle development and sustainment support. The company will act as the prime contractor and system integrator for the agency's Network Security Deployment unit.

Also, it stood out on Pentagon's daily funding list as of Friday, Sep 25, 2015 securing as many as five contracts for a cumulative amount of $545.5 million. Raytheon Missile Systems alone received three of the five contracts.

Based in Massachusetts, Raytheon is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.

Raytheon has closed its third-quarter 2015 financials and will release earnings on Oct 22, 2015. Some other companies in the aerospace and defense space like General Dynamics Corporation GD , Huntington Ingalls Industries, Inc. HII and Northrop Grumman Corp. NOC will also release their third-quarter earnings results soon.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

NORTHROP GRUMMN (NOC): Free Stock Analysis Report

RAYTHEON CO (RTN): Free Stock Analysis Report

GENL DYNAMICS (GD): Free Stock Analysis Report

HUNTINGTON INGL (HII): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NOC GD HII

Other Topics

Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More