|Bid||181.00 x 1100|
|Ask||0.00 x 900|
|Day's Range||182.89 - 186.44|
|52 Week Range||144.27 - 210.89|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||17.05|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||3.77 (2.03%)|
|1y Target Est||217.73|
Advanced weapon defeats armored and wheeled systems TUCSON, Ariz. , Aug. 21, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) will deliver additional tube-launched, optically tracked, wireless-guided ...
The contract calls for Raytheon to continue manufacturing a weapons system considered the last line of defense for Naval forces. The company continues hiring at its Tucson facilities to support multiple contracts.
System-level testing moves program one step closer to low rate initial production WALLOPS ISLAND TEST FACILITY, Va., Aug. 20, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and the U.S. Navy completed ...
The firm-fixed-price contract calls for the contractor to provide related hardware for upgrades, conversions and system overhauls of the weapons system, which is in use on all Navy surface combatant class ships.
Raytheon's (RTN) MK 15 Phalanx CIWS provides U.S. Navy ships with an inner layer point defense capability against anti-ship missiles (ASM), aircraft and littoral warfare threats that can infiltrate other fleet defenses.
The best defense stocks have long-term programs as well as footholds in key emerging priorities for the Pentagon and U.S. allies around the world.
The antitrust division of the U. S. Department of Justice has sent a request for additional information to both United Technologies and Raytheon regarding their planned $120 billion merger, which is expected to close in the first half of next year.
NEW YORK, Aug. 14, 2019 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, Case No. 1:19-cv-01423-RGA, on behalf of shareholders of Raytheon Company ("Raytheon" or the "Company") (RTN) who have been harmed by Raytheon's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger (the "Proposed Transaction") of the Company with United Technologies Corporation ("UTC").
Daniel Loeb’s Third Point has reduced its stake in United Technologies. As per a regulatory filing, the fund sold 480,000 UTX shares in the second quarter.
Nation becomes 17th to choose Patriot system for air and missile defense requirements ANDOVER, Mass. , Aug. 13, 2019 /PRNewswire/ -- The Kingdom of Bahrain signed an agreement to purchase Raytheon's (NYSE: ...
Detroit-based Pratt & Miller Engineering joins Lynx team DETROIT , Aug. 13, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and Rheinmetall Defence are partnering with Pratt & Miller Defense for the ...
Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp , becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. that the funds said they would not support. The New York-based firm sold 480,000 shares of United Technologies stock during the second quarter, cutting its holding by 7 percent to 6 million shares, according to a regulatory filing made on Tuesday. In June, Third Point founder Daniel Loeb told the company its plan to merge with Raytheon was a "baffling change" in strategy.
Raytheon (RTN) eyes on benefiting from the recently approved fiscal 2020 defense budget, which includes a massive spending plan of $57.7 billion on aircraft.
EL SEGUNDO, Calif., Aug. 8, 2019 /PRNewswire/ -- Raytheon (RTN) received security certification for new GPS modules and receivers from the Global Positioning Systems Directorate at the U.S. Air Force Space and Missile Systems Center. The new modules and receivers will give military aircraft, ships, ground vehicles and weapon systems secure and reliable access to modernized GPS.
Activist investor Bill Ackman has exited his position in United Technologies stock. The move could be another sign that United’s planned merger with Raytheon will likely proceed on schedule.
WALTHAM, Mass., Aug. 5, 2019 /PRNewswire/ -- With 45 million Americans holding student loans of more than $1.5 trillion, employees are often saddled with years of substantial monthly payments. Raytheon is announcing a new program to help employees save for retirement while repaying their student loans. "We are always searching for innovative ways to offer competitive pay and benefits to current and prospective employees," said Mike Bull, vice president of Total Rewards at Raytheon Company.
STOCK ALERT Investors fearful of a prolonged and painful conflict between the world’s two largest economies sent the S&P 500down close to 3% on Monday—the biggest one-day drop for the index this year.
In the news release, Raytheon developing advanced laser systems for US Air Force deployment, issued 05-Aug-2019 by Raytheon Company over PR Newswire, we are advised by the company that the information ...
New Mid-Band pod extends range, tracks multiple targets, and jams signals simultaneously EL SEGUNDO, Calif. , Aug. 5, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) delivered the first Next Generation ...
"In a world where threats evolve fast, software must evolve faster," said Todd Probert, vice president for Raytheon Intelligence, Information and Services. Raytheon is doing just that. Raytheon's virtual software factory provides engineers with automated tools, services and standards, kick-starting the adoption of modern software development methods like Agile and DevOps across the company's programs.
(Bloomberg) -- On a tower in the Brazilian rain forest, a sentinel scans the horizon for the first signs of fire.Only these eyes aren’t human. They don’t blink or take breaks, and guided by artificial intelligence they can tell the difference between a dust cloud, an insect swarm and a plume of smoke that demands quick attention. In Brazil, the devices help keep mining giant Vale SA working, and protect trees for pulp and paper producer Suzano SA.The equipment includes optical and thermal cameras, as well as spectrometric systems that identify the chemical makeup of substances. By linking them to artificial intelligence, a small Portugal-based company working with IBM Corp. believes it can help tame the often unpredictable affects of climate change. Others are using AI to predict dangerous hail storms, and studying how it can help find victims in bad weather.“Climate change is dramatically changing the way we look at this problem of wildfires,” said Vasco Correia, chief business officer at Compta Emerging Business Solutions, which builds the devices. “Two years ago we started looking to artificial intelligence and machine learning because we believe those can be game changers.”In 2019, weather and climate events killed more than 4,000 people worldwide, and caused around $42 billion in insured losses, according to the insurer Munich Re. Compta’s goal is to limit losses with warnings that can help keep a small blaze from becoming a conflagration.The Compta system was first used in Brazil in a pilot program designed to test its effectiveness, but now is “available globally and operational,” Correia said by telephone.The company recently opened an office in California, which had its deadliest wildfire last year when a blaze blamed on PG&E Corp. power lines consumed the town of Paradise, killing 85. Liabilities from that fire helped push the utility into bankruptcy in January.Along with analyzing the data from on site, the device’s artificial intelligence will weigh similar events captured by the system over time. It will also use IBM’s Watson supercomputer to visually evaluate what it sees and forecasts from its Weather Company to predict how the fire might spread.“The landscape of wildfires and how they ignite and how they evolve today is much different from what we had in past decades,’’ Correia said. “The fire seasons are two months longer than they were in the past decades, and wild fires today are burning six times the land area than they did before and lasting five times longer.’’Wildfires are just one of many threats as extreme weather costs keep rising.The trail of destruction through the first half of this year included flooded farm fields across the Midwest and carnage along the African coast from Cyclone Idai, which killed 1,013 people, according to Munich Re.One threat artificial intelligence could help humans prepare better for is hail, said David Gagne, a machine learning scientist at the National Center for Atmospheric Research in Boulder, Colorado. Since 2008, hail and severe thunderstorms damage has jumped to $19 billion a year adjusted for inflation and has stayed there since.Gagne said the group is researching a tool that the National Weather Service can use to help meteorologists better predict where and when hail is going to happen a day in advance. So far the hail program has improved accuracy by 10%, and there is work underway to test it real time within the weather service.Identifying Storm TypesA surprising outcome is that the program has taught itself to recognize between supercell storms, which produce a lot of hail, from linear and pulse storms, which are less destructive. “You get a storm type classifier for free,” Gagne said. “It just kind of figured out storm type by looking at all the features of the storms. It is a really neat result.”Artificial intelligence and machine learning programs are being used in other weather and climate related applications as well. For instance, defense and aerospace giant Raytheon Co. has begun to explore AI’s use to coordinate rescues in the aftermath of disasters, said Todd Probert, a vice president with the company.“Imagine that the National Guard could quickly pinpoint survivors hidden inside literally the terabyte satellite data that is coming down,” Probert said. “What if those fire responders could make sense out of literally the thousands of texts and tweets and calls desperately seeking emergency services and vector into where the most critical need was.”Humans do this by pouring over images. Imagine a computerized tool that searches for flooding, he said, adding, That’s a pretty good first order.”Raytheon has been working with the National Guard to pull data off of Facebook to pinpoint people who need help in the aftermath of several recent storms. But these have been episodic and there aren’t machine learning tools on the back end to create a product rescue crews could use in all situations.“The whole game here is about putting the data to work for us,” Probert said.To contact the reporter on this story: Brian K. Sullivan in Boston at firstname.lastname@example.orgTo contact the editors responsible for this story: Tina Davis at email@example.com, Reg Gale, James AttwoodFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.