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Raytheon lands three new missile deals and a radar contract from the US Military May 28, 2009

Posted by HubTechInsider in Defense Contracts.
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Tewksbury-based Raytheon Corporation, with 72,000 employees and a reported 2008 net income of $1.7 billion on revenue of $23.2 billion, has landed three new missile deals and a new radar contract from the US military.

The company’s Integrated Defense Systems unit has landed $30 million from the U.S. Army for its surface-launched medium range air-to-air missile (SLAMRAAM).

Last week, landed a $54MM deal with the US Navy to retrofit Super Hornet block II aircraft with APG-79 active electronically scanned array radars.

Earlier this month, Raytheon’s Integrated Defense Systems division (IDS) landed two Patriot missile deals with the US Army. Under the first $115MM contract, Raytheon will upgrade radar components on four Patriot missile systems. The deal was awarded by the Army’s Aviation and Missile Command.

The second Raytheon IDS Patriot Missile contract, valued at $9MM, was awarded by the U.S. Army for Patriot missile maintenance. Under the contract, IDS will perform missile maintenance and facilities in the United States and at overseas locations.

Raytheon stock (stock symbol: RTN) is sliding as Congress debates the defense budget. But the market may be overlooking some basic facts: international contracts make up one fifth of the company’s revenues, the balance sheet of Raytheon is strong, and homeland security is the center of the company’s business.

Raytheon is debt-free and Raytheon generates strong cash flows. Margins, profitability, and consistency of earnings are all improving. The stock, recently at 46.07, is trading below its five-year price / earnings (PE) ratio of 15 and has a 2.5% dividend yield. Raytheon beat first-quarter expectations and raised its 2009 earnings per share (EPS) to between $4.55 and $4.70.

Disclaimer: I do not own stock in Raytheon, but I wish I did. I think it’s a good story and a great Massachusetts-based company. I wish they would hire me, but it doesn’t look like that’s going to happen. I even moved to Waltham, have applied a million times and nothing helps. (laughing)

Boston Dynamics ‘Big Dog’ robot – the 21st Century Army pack mule April 17, 2009

Posted by HubTechInsider in Defense Contracts, Manufacturing, Military Contracting, Military Contracts, Products, Robotics.
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Boston Dynamics is based in Waltham, MA. The Big Dog robot’s development was funded by DARPA, the Defense Advanced Research Projects Agency of the US government. Early in the company’s history, it worked with the American Systems Corporation under a contract from the Naval Air Warfare Center Training Systems Division (NAWCTSD) to replace naval training videos for aircraft launch operations with interactive 3D computer simulations.

Marc Raibert is the company’s president and principal project manager. He spun the company off from the Massachusetts Institute of Technology in 1992.

The Most Advanced Quadruped Robot on Earth
BigDog is the alpha male of the Boston Dynamics family of robots. It is a quadruped robot that walks, runs, and climbs on rough terrain and carries heavy loads. BigDog is powered by a gasoline engine that drives a hydraulic actuation system. BigDog’s legs are articulated like an animal’s, and have compliant elements that absorb shock and recycle energy from one step to the next. BigDog is the size of a large dog or small mule, measuring 1 meter long, 0.7 meters tall and 75 kg weight.

Take a peek at Boston Dynamic’s other quadraped robot, “Little Dog”

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