Replies to post #152 on RTX Corporation (RTX)

[OptionMonster]

Closed my CALLS way to early this morning..Market looked ugly at the start..Still have my Nov $75's




Information on oil Click here: #board-6609

[OptionMonster]

US Navy Conducts First Test of Raytheon's Standard Missile 6

WHITE SANDS, N.M., June 24, 2008 /PRNewswire/ -- The U.S. Navy successfully conducted the first test of the Standard Missile 6 extended range anti-air warfare missile produced by Raytheon Company (NYSE:RTN).

The missile, launched from the Navy's Desert Ship at the White Sands Missile Range, successfully intercepted a BQM-74 aerial drone using the newly developed SM-6 active seeker. The active seeker autonomously acquired and engaged the target using the Navy's legacy command system, resulting in a direct hit. This launch demonstrates the first successful integration of the Navy's active missile technology into the weapon system to provide for both near-term advanced anti-air warfare and future over-the-horizon capability.

Standard Missile 6 is being developed by Raytheon to meet the Navy's requirement for an extended range anti-air warfare missile. Expected to deploy in 2011, it provides capability against fixed and rotary wing aircraft and unmanned aerial vehicles and delivers a transformational over-the-horizon counter to the ever-evolving cruise missile threat. Employing the Standard Missile-2 Block IVA airframe and the newly developed active sensor, Standard Missile 6 will also have an inherent capability to fulfill the Navy's sea-based terminal ballistic missile defense requirement.

"Standard Missile 6 is the latest advance in Raytheon's ongoing commitment to the Navy and its allies," said Frank Wyatt, Raytheon Missile Systems' vice president of the Naval Weapons Systems product line. "This test proves that Raytheon is on track to deliver this solution to the Navy as scheduled."

[OptionMonster]

Raytheon Co., of McKinney, Texas, is being awarded a firm fixed price contract not to exceed $11,471,959. This action will provide Multi-Sensor System (MTS-A) and Multi-Sensor System-B support at CONUS and OCONUS locations consisting of Depot OEM spares and repairs, depot configuration management, technical manual OEM system source data and software maintenance, depot level contractor Field Services Representative (FSR) support and other functions. At this time $9,962,675 has been obligated. 658th Aeronautical Systems Squadron, Wright-Patterson AFB, Ohio, is the contracting activity (FA8620-06-G-4041, DO 0007).

Raytheon Co., Integrated Defense Co., Andover, Mass., was awarded on Jun. 25, 2008, a $76,463,030.98 firm fixed price / cost-plus-fixed-fee, level of effort contract for upgrad of six (6) PATRIOT Rader Sets to Configuration 3 (Kuwait). Work will be performed at Andover, Mass., with an expected completion date of Jul. 31, 2013. One bid was solicited with one bid received. U.S. Army Aviation & Missile Command, Redstone Arsenal, Ala., is the contracting activity (W31P4Q-07-C-0151).