Raytheon Gets Air Force Contract


By: Zacks Equity Research
January 16, 2012 |Comments: 0


Raytheon Company (RTN) announced that it has received a $27.4 million contract from the U.S. Air Force Space and Missile Systems Center. Per the contract Raytheon will develop a Global Positioning System (GPS) Launch and Checkout System (LCS), which will provide early launch and checkout of GPS III satellites starting with the first GPS III launch in 2014. The LCS solution would enable GPS III satellites to launch on schedule and conduct on-orbit checkout prior to the GPS Next Generation Operational Control System delivery in 2015.

Earlier, Raytheon was awarded the prime contract to develop the GPS Next Generation Operational Control System in February 2010, with a scheduled delivery date of 2015.
Raytheon is one of the best-positioned companies among the large-cap defense players. Looking forward, the company enjoys strong order bookings and order backlog, an improving balance sheet, growing cash flow, and operational improvements.

This is, however, offset by apprehensions over 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 #3 Rank (Hold) that corresponds with our long-term Neutral recommendation on the stock.

Raytheon is slated to release its fourth quarter 2011 results on January 26, 2012. The Zacks Consensus Estimate for the reported quarter is $1.34. The estimates have not changed in the last 30 days, implying that the analysts do not see any near-term catalyst and expect the company to report in line.

Based in Massachusetts, Raytheon Company 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. Some of its primary competitors include The Boeing Company (BA) and Lockheed Martin Corporation (LMT).

The USA’s GPS-III Satellites
Jan 11, 2012 18:57 EST


GPS IIIA concept

Contract to start satellites 3 & 4. (Jan 11/12)
Disruption or decay of the critical capabilities provided by the USA’s Global Positioning System (GPS) satellites would cripple both the US military, and many aspects of the global economy. GPS has become part of civilian life in ways that go go far beyond those handy driving maps, including timing services for stock trades, and a key role in credit card processing. At the same time, military class (M-code) GPS guidance can now be found in everything from cruise missiles and various precision-guided bombs, to battlefield rockets and even artillery shells. Combat search and rescue radios rely on this line of communication, and so does a broadening array of individual soldier equipment.

GPS-III satellites are a key part of this PTN (Positioning, Timing & Navigation) system’s future plan, offering several improvements over the existing GPS II family. So, too, are its companion OCX ground control system. This DII FOCUS article looks at the existing constellation, GPS-III improvements, the program’s structure, its progress through contracts and key milestones

Raytheon was a great company to work for.

I remember you were in aerospace
is that who you worked for?
cool

im sure you were privy to some neat shit

NIIIICE

FrogFryer wrote:

I remember you were in aerospace
is that who you worked for?
cool

im sure you were privy to some neat shit

NIIIICE

Yep. I worked on the Patriot system, and electronic counter measures for the B1B and B52 bombers.

BurnParis wrote:

FrogFryer wrote:

I remember you were in aerospace
is that who you worked for?
cool

im sure you were privy to some neat shit

NIIIICE

Yep. I worked on the Patriot system, and electronic counter measures for the B1B and B52 bombers.

MMMM ......
Somehow, it all falls into place...

RAF Tornado downed by US missile

A Tornado GR4 was brought down
An RAF Tornado and its crew are missing after being downed by a US Patriot missile close to the Kuwaiti border.



news.bbc.co.uk . . .

NikosAliagas wrote:


MMMM ......
Somehow, it all falls into place...

RAF Tornado downed by US missile

A Tornado GR4 was brought down
An RAF Tornado and its crew are missing after being downed by a US Patriot missile close to the Kuwaiti border.

What's the problem Niko? It did exactly as it was designed to do,.. Don't fly in no-fly zones.

NikosAliagas wrote:

BurnParis wrote:

FrogFryer wrote:

I remember you were in aerospace
is that who you worked for?
cool

im sure you were privy to some neat shit

NIIIICE

Yep. I worked on the Patriot system, and electronic counter measures for the B1B and B52 bombers.

MMMM ......
Somehow, it all falls into place...

RAF Tornado downed by US missile

A Tornado GR4 was brought down
An RAF Tornado and its crew are missing after being downed by a US Patriot missile close to the Kuwaiti border.



news.bbc.co.uk . . .

for europeans

for k guess what this guy cant find in orbit

BurnParis wrote:

NikosAliagas wrote:


MMMM ......
Somehow, it all falls into place...

RAF Tornado downed by US missile

A Tornado GR4 was brought down
An RAF Tornado and its crew are missing after being downed by a US Patriot missile close to the Kuwaiti border.

What's the problem Niko? It did exactly as it was designed to do,.. Don't fly in no-fly zones.

I stand corrected.
The pilot was Welsh.
There lies the explanation.