131.00 -0.15 (-0.11%)
After hours: 7:52PM EDT
|Bid||130.27 x 1000|
|Ask||130.99 x 800|
|Day's Range||130.03 - 140.96|
|52 Week Range||103.00 - 233.48|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||11.00|
|Earnings Date||Apr 22, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||3.77 (2.67%)|
|Ex-Dividend Date||Jan 06, 2020|
|1y Target Est||241.00|
Standard General, the hedge fund battling for board seats at Tegna Inc, called on the U.S. regional TV station operator on Tuesday to open its books to two bidders still interested in acquiring the company amid the coronavirus crisis. Tegna said on Sunday that turbulent market conditions, driven by the coronavirus pandemic, had weighed on its negotiations with potential acquirers. It said two remaining bidders had not signed confidentiality agreements to enable due diligence, and had not delivered any information on financing sources.
Macy's Inc will be removed from the benchmark S&P 500 stock index, the S&P Dow Jones Indices said on Tuesday, as coronavirus-induced store closures compound the retail sector's struggles with a shift to online shopping. The company's shares have plunged more than 70% so far this year, leaving Macy's with a market value of $1.52 billion as of Tuesday's close, according to Refinitiv IBES data. "Macy's has a market capitalization more representative of the small-cap market space," S&P said, adding that the company would become part of the S&P small-cap 600 index, effective April 6.
S&P; 500 and 100 constituent United Technologies Corp. (NYSE: UTX) is spinning off Otis Worldwide and Carrier Global and then merging with Raytheon in transactions expected to be completed on April 3. Post spin-off and merger transactions, United Technologies will remain in the S&P; 500 & 100 indices. It will change its name to Raytheon Technologies Corp. and its ticker symbol to RTX.
S&P Dow Jones Indices said late Tuesday retailer Macy's Inc. will join the S&P SmallCap 600 and Otis Worldwide Corp. and Carrier Global Corp. will join the S&P 500. As the merger between United Technologies Corp. and Raytheon Co. is expected to close on Friday, United Technologies will remain in the S&P 500 and S&P 100 indices under its new name, Raytheon Technologies Corp. , under the ticker symbol RTX. Otis Worldwide and Carrier will be added to the S&P 500 at the open on Friday, with Otis replacing Raytheon and Carrier replacing Macy's, S&P Dow Jones said. Macy's and Raytheon will be removed from the broader index at the open on Monday. "Macy's has a market capitalization more representative of the small-cap market space," S&P Dow Jones said. Macy's has a market capitalization around $1.5 billion, from about $7 billion a year ago. The stock has lost about 80% in the last 12 months, compared with losses around 10% for the S&P 500 . The company on Monday said it was furloughing most of its workers after losing most of its sales amid the coronavirus pandemic.
Raytheon Co. has reached a $2.1 billion multiyear contract with the U.S. Missile Defense Agency to build SM-3 Block IB ballistic missile interceptors through 2023. The SM-3 is the only ballistic missile interceptor that can be launched on land and at sea, Raytheon said. "This procurement deal is a win-win for government and industry," said Mitch Stevison, Raytheon Strategic and Naval Systems vice president, in a statement.
The all-stock merger of the Waltham-based defense contractor and the Connecticut-based industrial giant is set to close this week.
Raytheon Company (NYSE: RTN) will produce and deliver SM-3® Block IB interceptors under a $2.1 billion, multi-year U.S. Missile Defense Agency contract. It is the first multi-year contract for the SM-3 program, and covers fiscal years 2019–2023.
Raytheon Company (NYSE: RTN) and United Technologies Corporation (NYSE: UTX) announced that they have received the necessary regulatory approvals for their all-stock merger of equals and expect to close the merger prior to the opening of trading on the New York Stock Exchange (NYSE) on Friday, April 3, 2020, the distribution date for United Technologies' spin-offs of Carrier and Otis.
Tucson missile maker Raytheon Co. says a new $1 billion multiyear deal for propulsion systems from California-based Aerojet Rocketdyne will result in savings for the U.S. Department of Defense and American taxpayers. Raytheon said in an announcement the multiyear deal allows it to save money in its supply chain as it fulfills contracts with the Missile Defense Agency and U.S. Navy.
United Technologies won a key approval for the merger of its aerospace unit with Raytheon but needs to sell more assets.
The U.S. Justice Department has approved United Technologies Corporation's planned merger with Raytheon Co , subject to conditions, the agency said on Thursday. UTC agreed in June to combine its aerospace business with U.S. contractor Raytheon and create a new company worth about $121 billion, in what would be the sector's biggest ever merger. To win U.S. approval, the companies agreed to divest Raytheon's military airborne radios business, including facilities in Indiana and Florida, and UTC's military global positioning systems, including a facility in Connecticut.
Raytheon Company's (NYSE: RTN) Missile Systems business has reached a $1 billion, five-year strategic agreement to purchase propulsion systems from Aerojet Rocketdyne for Standard Missile products. The deal represents a supply chain centerpiece of multi-year Standard Missiles contracts that Raytheon recently received.
Raytheon (RTN) is going to deliver Block II and Block II plus AIM-9X tactical missiles along with parts like captive air training missile guidance units and sectionalization kits
Raytheon Company (NYSE: RTN) is modernizing the Brazilian Air Force's surveillance radars across the Amazon. Raytheon will upgrade seven legacy radars to the next-generation Monopulse Secondary Surveillance Radar system, Condor Mk3, increasing efficiency and reducing electric energy consumption.
JBSA needs items such as gloves, paper towels, bleach and Clorox wipes. How soon do they need it? Tomorrow.
Northrop Grumman has performed much better than its peers in 2020, but the stock offers a low yield and has a mediocre outlook Continue reading...
Raytheon Company (NYSE: RTN) and Uptake, a leader in the development of industrial-use artificial intelligence software, have teamed to bring predictive maintenance capabilities to deployed U.S. Marine Corps teams using M88 armored recovery vehicles. With this partnership, Raytheon brings the technical ability for onboard recording, processing and transfer of large quantities of sensitive data over secure Wi-Fi, while Uptake brings a suite of advanced artificial intelligence software that offers actionable insights at the component level.
Along with the rest of the aerospace and defense sector, Raytheon has taken a beating over the past several weeks. Still, there is a lot to like about the sector Continue reading...
The Pentagon is increasing the amount of interim payments it makes to defense contractors in an effort to give them a financial boost as the coronavirus pandemic weakens the broader economy, according to a memo seen by Reuters on Friday. The move will speed the payment of millions of dollars to defense contractors while they work to complete individual projects. The memo stated that "effective immediately" the Pentagon will increase the rate at which it pays what are known as progress payments for large contractors to 90%.
The Pentagon on Friday said it had tested an unarmed hypersonic weapon in Hawaii, as both China and Russia develop similar military and defense capabilities. The Department of Defense called the test of the hypersonic glide body late on Thursday a success. After being lifted into the sky on a rocket to altitudes of between 25 miles (40 km) and 62 miles (100 km), a hypersonic glide vehicle detaches and flies at up to five times the speed of sound along the upper atmosphere toward its target.
Raytheon Company (RTN: NYSE) has developed, manufactured and delivered the first-ever 3rd GEN FLIR™ sensor system under a U.S. Army contract awarded in 2016. This latest Forward-Looking Infrared, or FLIR, system gives soldiers four fields of view and the ability to see across long- and mid-wave IR bands simultaneously with a stabilized line of sight.
With enhancements in Raytheon's (RTN) APG series radars, the F/A-18 jet are set to have the hardware capability to make high-resolution radar ground maps, enabling it to perform precision strike missions.
The U.S. government has cleared Raytheon Company (NYSE: RTN) to sell the Coyote® Block 2 counter-drone weapon to approved allied nations as part of the Howler counter-drone system.