Raytheon Wins $9.6M DoD Order - Analyst Blog
11 Juli 2013 - 12:00AM
Zacks
Raytheon Company (RTN) has won a delivery
contract, worth $9.6 million, from the U.S. Department of Defense
(DoD). The contract, a part of the earlier issued Basic Ordering
Agreement, deals with restoration of the H-60 Multi-Spectral
Targeting System (MTS) forward looking infrared turrets.
Raytheon’s Intelligence, Information and Services business will be
responsible for this contract, which will take place in the
company’s facilities in McKinney, Texas and Jacksonville, Florida.
The deal is scheduled to be completed by May 2014.
The MTS offers dependable long-range surveillance, target
attainment, tracking, range discovery and laser designation of
HELLFIRE and tri-service/North Atlantic Treaty Organization’s
(NATO) laser guided ammunitions. It features multiple fields of
vision, electronic zoom and multimode video tracking
facilities.
It is evident from past record that Raytheon has a strong
relationship with the U.S. defense establishments. Raytheon has
built the rapport due to its ability to meet the commitments in
terms of maintaining products and services standard along with
delivery timing.
Recently, Raytheon received a contract from the U.S. Naval Air
Systems Command to produce an integrated multi-intelligence
(Multi-INT) system to protect the warfighters positioned at the
forefront.
The defense operators’ performance primarily depends on the orders
coming from the national and international defense bodies. With the
risk of US defense budget cuts looming large, we believe the
defense companies’ attempt toward wining small ticket-size domestic
and foreign orders will enable them to maintain a regular revenue
flow.
Raytheon currently has a Zacks Rank #3 (Hold). However, other
stocks from the sector that are presently performing well include
Exelis, Inc. (XLS) with a Zacks Rank #1 (Strong
Buy), and The Boeing Company (BA) and
Northrop Grumman Corporation
(NOC) with a Zacks Rank #2 (Buy).
BOEING CO (BA): Free Stock Analysis Report
NORTHROP GRUMMN (NOC): Free Stock Analysis Report
RAYTHEON CO (RTN): Free Stock Analysis Report
EXELIS INC (XLS): Free Stock Analysis Report
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