RTN News and Press, Raytheon Company From 03/27/20

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . At the beginning of the month, there were roughly 100 confirmed COVID-19 cases in the U.S., but now there are more confirmed cases...

United Technologies (NYSE: UTX ) and Raytheon (NYSE: RTN ) received approval from the U.S. Department of Justice for the merger of United Tech's aerospace business with Raytheon, Bloomberg reports. More news on: United Technologies Corporation, Raytheon Company, Merger & acquisition ne...

TUCSON, Ariz. , March 26, 2020 /PRNewswire/ -- Raytheon Company's (NYSE: RTN) Missile Systems business has reached a $1 billion , five-year strategic agreement to purchase propulsion systems from Aerojet Rocketdyne for Standard Missile products. The deal represents a supply chain centerp...

Raytheon ( RTN ) appeared on my Magic Formula screen at the start of the month . The company caught my eye because I thought it is a high quality company at a reasonable valuation in an interesting industry with modest business cycle exposure. Since that article, the cards have been reshuff...

Introduction When markets get as volatile as they’ve been lately, it’s extremely difficult for investors to avoid our innate “fight or flight” response. In our states of heightened emotion (fear), our logical minds try to tell us that we are witnessing an incred...

Aerospace stocks took flight on Wednesday after lawmakers in Washington reached a deal on a $2 trillion stimulus package. The bill includes assistance for commercial aerospace suppliers facing a cutback in demand for their products, and -- as importantly -- funds to keep their customers, the ai...

Shares of Boeing (NYSE: BA) jumped 19% at the open, and traded up more than 13% in late morning, on growing optimism for a government stimulus package that would provide some relief to the troubled commercial aerospace sector. CEO David Calhoun appeared on CNBC this morning to talk up t...

DULLES, Va. , March 24, 2020 /PRNewswire/ -- Raytheon Company (NYSE: RTN) is modernizing the Brazilian Air Force's surveillance radars across the Amazon. Raytheon will upgrade seven legacy radars to the next-generation Monopulse Secondary Surveillance Radar system, Condor Mk3 , incr...

(Author's note: This article is part of a series where I attempt to identify and write about the highest-quality companies currently trading at undervaluation as a result of the corona-induced market panic. I try to combine companies with the highest credit ratings, highest safeties, and high...

Most of the defense-related companies have a positive future outlook. This is a result of the steady expected annual growth of about 3% through 2023 for U.S. defense spending. The company that I'm focusing on in this article is the global security firm Northrop Grumman ( NOC ). Northrop ...