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Raytheon Gets Approval For $1.7 Billion Saudi Missile Sale

Raytheon Co. (RTN) said Wednesday it won approval from the U.S. Congress and the State Department to upgrade Saudi Arabia's missile defense system for $1.7 billion. The award includes ground-system hardware, a full training package, support equipment upgrades, and a capability upgrade to support potential coalition operations. The Patriot missile system is used to shoot down missiles from aircraft as well as ballistic missiles. -Christopher Hinton, 415-439-6400; AskNewswires@dowjones.com

Stock News for Raytheon (RTN)
DateTimeHeadline
04/25/201308:15:40Raytheon 1st-Quarter Profit Rose 8.9% With Boost From Tax Benefit
04/19/201316:00:12WEEK AHEAD: Tech, Energy, Defense to Report Earnings Next Week
03/25/201314:01:04Raytheon Consolidates Units in Bid to Cut Costs
03/25/201313:18:36Raytheon Consolidates Units in Bid to Cut Costs; Kennedy New...
03/04/201318:31:07Lockheed to Retain Aegis Systems Work -Bloomberg
01/25/201307:20:03U.S. Defense Firms Eye Overseas Cushion
11/27/201217:58:19Correction to Corporate Treasurers Rush to Beat the Clock Story
11/27/201213:36:16Corporate Treasurers Rush to Beat the Clock
11/07/201214:11:25Boeing to Trim Executive Ranks in Defense Unit
11/07/201212:46:01Obama, U.S. Defense Contractors Face Post-Election Challenges
10/25/201208:40:15Raytheon Earnings Down 0.2%; Revenue Slips
10/25/201208:29:19Raytheon Third-Quarter Down 0.2% as Revenue Slips
08/02/201213:53:05Raytheon: Appeals Court Reverses Decision on Trade Secret Theft...
07/26/201214:48:32Correction to Raytheon 2nd Quarter Net Story
07/26/201208:07:38Raytheon 2nd-Quarter Net Rises 7.5% on Lower Costs; Co Raises...
07/17/201212:52:16EARNINGS PREVIEW: U.S. Defense Companies Still Clouded By Uncertainty
07/05/201215:49:16Republican Lawmakers Ask Defense Firms about Impact of Coming...
06/08/201204:29:06Kongsberg Gruppen Receives $29.6 Million Order
05/13/201215:35:48Predators Lurk As Aircraft Maker Hawker Beechcraft Restructures
04/26/201207:29:49Raytheon 1Q Net Up 16%; Raises Guidance

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