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RAYTHEON (RTN)
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Raytheon Company : wins $205 million contract for land-based Phalanx system

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01/23/2019 | 09:01am EST

WALTHAM, Mass., Jan. 23, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) was awarded the following contract as announced by the Department of Defense on December 28, 2018.

Raytheon logo (PRNewsfoto/Raytheon)

Raytheon Co. Missile Systems, Tucson, Arizona, was awarded a $205,205,445 cost-plus-fixed-fee contract for land-based Phalanx weapon system. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of Dec. 27, 2023. U.S. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity (W31P4Q-19-D-0015).

About Raytheon
Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 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.

www.raytheon.com

Media Contact
Mike Doble
+1.703.284.4345
corporatepr@raytheon.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/raytheon-company-wins-205-million-contract-for-land-based-phalanx-system-300782692.html

SOURCE Raytheon Company


© PRNewswire 2019
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Financials ($)
Sales 2018 27 165 M
EBIT 2018 4 516 M
Net income 2018 2 895 M
Debt 2018 1 763 M
Yield 2018 2,09%
P/E ratio 2018 16,20
P/E ratio 2019 13,82
EV / Sales 2018 1,78x
EV / Sales 2019 1,67x
Capitalization 46 588 M
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Number of Analysts 19
Average target price 208 $
Spread / Average Target 27%
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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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