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RAYTHEON

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Raytheon : Submits Lower Tier Air and Missile Defense Sensor Proposal; New radar leverages advanced, proven technology to counter future threats

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07/17/2019 | 11:31am EDT

TEWSKBURY, Mass- Raytheon Company (NYSE: RTN) announced the submission of its Lower Tier Air and Missile Defense Sensor proposal to the U.S. Army as part of the competition for a new air and missile defense radar.

Raytheon's LTAMDS solution is a simultaneous 360-degree, Active Electronically Scanned Array radar powered by Raytheon-manufactured Gallium Nitride, a substance that strengthens the radar signal and enhances its sensitivity.

'Our proposal offers the Army a brand-new radar that overmatches the future threat,' said Tom Laliberty, Raytheon Vice President of Integrated Air and Missile Defense. 'We brought our LTAMDS solution to the U.S. Army's sensor demonstration and validated our ability to meet their 2022 urgent material release date.'

Raytheon's LTAMDS offering was demonstrated in an event known as a sense-off, which put Raytheon's LTAMDS solution through a series of challenging scenarios. Raytheon completed its sense-off participation on May 15.

'We created a new radar because a redesigned, modified or upgraded radar simply can't defeat the type of advanced threats the U.S. Army will face,' said Doug Burgess, Raytheon's LTAMDS program director. 'Our solution is proof that the Army can have it all - a capable next generation radar, at an affordable price, fielded as quickly as possible.'

Raytheon assembled a team of U.S.-based partners who played a strategic role in Raytheon's proposed LTAMDS solution. They are:

Crane Aerospace & Electronics

Cummings Aerospace

IERUS Technologies

Kord Technologies

Mercury Systems

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About Raytheon

Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.

Media Contact

Mike Nachshen

+1.520.269.5697

idspr@raytheon.com

Raytheon logo (PRNewsfoto/Raytheon)

SOURCE Raytheon Company

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 29 070 M
EBIT 2019 4 717 M
Net income 2019 3 296 M
Debt 2019 296 M
Yield 2019 2,08%
P/E ratio 2019 15,2x
P/E ratio 2020 13,7x
EV / Sales2019 1,72x
EV / Sales2020 1,54x
Capitalization 49 632 M
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Number of Analysts 15
Average target price 217,20  $
Last Close Price 178,19  $
Spread / Highest target 48,7%
Spread / Average Target 21,9%
Spread / Lowest Target 5,51%
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Managers
NameTitle
Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Mark E. Russell VP-Engineering, Technology & Mission Assurance
Kevin Neifert Chief Information Officer
William R. Spivey Independent Director
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