Raytheon Demonstrates Advanced GPS OCX Capabilities
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June 15, 2015 7:09 AM EDT
RBC Capital reiterates an Outperform rating on Raytheon (NYSE: RTN), and raised the price target to $121.00 (from $120.00), after spending time with RTN management. Analyst Robert Stallard believes that a better than expected FY16 budget could see some pretty immediate benefits for Raytheon.
Stallard Commented, "CEO Tom Kennedy noted that there is a unique confluence at the moment,... More
June 15, 2015 6:20 AM EDT
The U.S. government has authorized several U.S. allies and security partners to potentially purchase via Foreign Military Sales the Raytheon-made (NYSE: RTN) AN/TPY-2 ballistic missile defense radar, for use in forward-based mode.
In forward-based mode, the AN/TPY-2 is positioned near hostile territory and acquires ballistic missiles in the boost (ascent) phase of flight shortly after they are launched. The radar then tracks... More
