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Raytheon shoots down ICBM in homeland defense test "As part of a historic Missile Defense Agency demonstration and for the first time ever, an intercontinental ballistic missile target was intercepted and destroyed outside Earth's atmosphere by an advanced SM-3 Block IIA ballistic missile defense interceptor made by Raytheon Missiles & Defense," Raytheon (https://seekingalpha.com/symbol/RTX?source=news_body_link -1.2%) writes in a new https://seekingalpha.com/pr/18088384-missile-defense-agency-completes-unprecedented-homeland-defense-test?source=news_body_link. The Standard Missile 3 Block IIA (SM-3 IIA) has been developed by a joint venture between Raytheon and Japan's Mitsubishi Heavy Industries (https://seekingalpha.com/symbol/MHVYF?source=news_body_link), and is the only weapon of its kind employed from both ships and land. "This first-of-its-kind test shows that our nation has a viable option for a new layer of defense against long-range threats," added Bryan Rosselli, vice president of Strategic Missile Defense at Raytheon Missiles & Defense.
Raytheon Technologies to acquire Blue Canyon Technologies Raytheon Technologies (NYSE:https://seekingalpha.com/symbol/RTX?source=news_body_link) https://seekingalpha.com/pr/18080414-small-satellite-leader-blue-canyon-technologies-to-be-acquired-raytheon-technologies?source=news_body_link privately held Blue Canyon Technologies (BCT), a provider of small satellites and spacecraft systems components. BCT will report into Raytheon Intelligence & Space, a business of Raytheon Technologies. Acquisition will allow BCT to quickly scale production and pursue larger, more complex space missions. BCT will continue to serve its customer base under the current business name and brand from their Boulder and Lafayette, Colorado facilities. Financial terms of the deal weren't disclosed.
Raytheon Technologies EPS beats by $0.08, misses on revenue Raytheon Technologies (NYSE:https://seekingalpha.com/symbol/RTX?source=news_body_link): Q3 Non-GAAP EPS of $0.58 beats by $0.08; GAAP EPS of $0.10 misses by $0.13. Revenue of $15B (+31.9% Y/Y) misses by $170M. Operating income of $1.17B vs. $1.06B consensus.
Israel delivers first Iron Dome battery to the U.S. Sep. 30, 2020 1:56 PM ET The short-range missile defense system was https://en.globes.co.il/en/article-israel-delivers-first-iron-dome-battery-to-us-army-1001344153 by Rafael Advanced Defense Systems, which set up a joint venture with Raytheon (https://seekingalpha.com/symbol/RTX +1.3%) in August to both manufacture and market Iron Dome. Under the terms of an agreement signed between Israel's Ministry of Defense and the U.S. Defense Department in August 2019, Israel will deliver two Iron Dome batteries to the U.S. Army in a deal worth $300M. The second battery will be delivered in the coming weeks, marking the first Iron Dome batteries that Rafael has sold to a foreign country. The system has been used by the Israel Defense Forces since 2011 during which time it has intercepted more than 2,400 incoming missiles with a very high success rate.
Raytheon Intelligence & Space is designing a prototype weather satellite for the U.S. Space Force Space and Missile Systems Center that draws heavily on technology from the firm’s Visible Infrared Imaging Radiometer Suite (VIIRS) and Moderate Resolution Imaging Spectroradiometer.
Positron | SRGT1
Space Race by GladiatorTrading
Positron | SRGT1
Space Race by GladiatorTrading
Positron | SRGT1
Space Race by GladiatorTrading
Positron | SRGT1
Space Race by GladiatorTrading
Positron | SRGT1
Space Race by GladiatorTrading