Raytheon (RTN) Wins $23M Deal for B-2 Antenna Modification – September 27, 2017

Raytheon Company (RTN Free Report) announced that it has secured a $23.4-million contract from the U.S. Air Force. According to the terms of the contract, the company will provide modification service for the B-2 antenna for the B-2 Spirit, also known as the Stealth Bomber. Work related to the deal will be carried out at the company’s El Segundo, CA. Operations are expected to be concluded by Sep 22, 2020.

About B-2 Spirit

Northrop Grumman (NOC Free Report) is the main contractor of B-2 Spirit or the Stealth Bomber. This, by far, is recognized as the only long-range, large-payload aircraft which has the capability to infiltrate deep into protected airspace. It has the capacity to carry more than 20 tons of conventional and nuclear ordnance and can deliver the same under any weather conditions.

As one of the leading manufacturers of radars and other sensors for aircraft, spacecraft and ships, Raytheon is also awarded with regular contract for B-2 antenna. The company’s innovative design and manufacturing expertise has boosted the confidence of the Air Force.

What is Working in Favour of Raytheon?

Raytheon’s Space and Airborne Systems (“SAS”) manufactures radars and other sensors for aircraft, spacecraft and ships.  In particular, the company’s next-generation solutions include the air and missile defense radar (“AMDR”) and the enterprise air surveillance radar, which enables it to support the U.S. Navy and international customers with advanced capabilities to counter emerging threats. During the second quarter, the company secured an order worth $364 million on the AMDR program for the U.S. Navy.

Thanks to its wide range of combat-proven defense products, the company continues to receive scrumptious orders from both Pentagon as well as foreign allies of the nation. The company’s 34.7% of the total booking during the second quarter was from the international orders, which reflects an increase of 2.4% year over year. During…

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