Raytheon

Raytheon lost its attempt to dismiss a lawsuit accusing the Waltham-based company of bid-rigging to secure an almost $1 billion contract from the FAA. A judge said the case filed by Washington Consulting Group against the company and one of its employees can proceed. Raytheon had argued that the allegations weren't specific enough and that the plaintiff hadn't first filed its challenge with the FAA.

Melrose resident Wildie Ceccherina participated in her 19th Walk for Hunger this year. She joined 43,000 other walkers and volunteers who raised $3.6 million to fund more than 450 food programs that protect the individual and strengthen our community food security. The following was submitted by Project Bread - The Walk for Hunger: As the state's leading anti-hunger organization, Project Bread is dedicated to alleviating, preventing, and ultimately ending hunger in Massachusetts.

Raytheon Co. representatives will hold a public meeting at 7:30 p.m. Wednesday to update residents on the hazardous-waste cleanup project at its former site on Boston Post Road. The meeting will be held in the large hearing room in Town Hall. Documents about the site can be found at the Board of Health, Wayland Free Public Library, and www.ermne.com (no password is needed to log on). Raytheon formerly conducted research and design operations at the site, now a vacant office park. - Jennifer Fenn Lefferts

Defense contractor Raytheon Co. said Friday it won a contract worth $57.8 million with the U.S. Navy to upgrade nine weapons systems and build two missile defense systems. The company said it will overhaul nine so-called Phalanx close-in weapon systems, which are computer-controlled radar and gun systems that detect and destroy threats to Navy ships. Ratheon said it will build two anti-ship missile defense systems called SeaRAMs. The contract also includes the purchase of 20 radar upgrade kits.

Defense contractor Raytheon Co. is selling technology to a large oilfield services company that hopes microwaves will someday become a key tool in unlocking the vast but hard-to-extract oil reserves in the West's underground shale deposits. Much as a microwave oven heats food, Raytheon's technology relies on microwaves to generate underground heat and melt a waxy substance in the shale called kerogen so that it can be converted into oil. Carbon dioxide heated and pressurized into a liquid form then is used to extract the oil from the rock and carry it to a well.

Raytheon Co., the Waltham-based defense contractor, said it has successfully completed a test in New Mexico of its upgraded Patriot air and missile defense system, which features improved computing power and increased radar processing efficiency. It is better equipped to defeat smaller and faster targets, Raytheon said. The Patriot is the "system of choice" for 12 nations, Raytheon said.

Raytheon Co. said Wednesday that it received a $24 million contract from the U.S. Air Force for Paveway II laser-guided bomb components. The contract, which was competitively awarded, represents the majority of the Air Force's laser-guided bomb buy for overseas contingency operations, the defense contractor said. Raytheon's Paveway systems are designed to upgrade bombs into precision-guided weapons using laser and global-positioning guidance systems. Separately on Wednesday, Raytheon said it received a $14.6 million contract to develop new image processing technology for the...

WASHINGTON - Defense contractor Raytheon Co. said yesterday it has been hired to assist the Kingdom of Saudi Arabia in expanding its nationwide air traffic management system. Terms of the deal - disclosed at the Dubai Airshow in the United Arab Emirates - were not disclosed. The deal will extend the air traffic control surveillance throughout the Kingdom and enhance flight safety for the rapidly growing domestic airline sector. It will also improve the efficiency of Saudi Arabia’s air traffic management system.

MONTGOMERY, Ala. — Raytheon Co. plans to build a missile production plant in Huntsville that will create 300 jobs in a city where Raytheon is already a major employer. The deal to build the plant at Redstone Arsenal was announced yesterday at Farnborough International Airshow in England. The 70,000-square-foot facility will provide final assembly and testing for the Standard Missile-3 and Standard Missile-6. SM-6 production is expected to begin in 2010, and SM-3 production is expected to increase substantially in the next 10 years.

Shares of Raytheon Co. slipped after the defense contractor said fourth-quarter profit rose 18 percent, but sales fell. The company also forecast lower earnings per share in 2012. Net income was $543 million, or $1.57 per share, compared with $459 million, or $1.25 per share, a year earlier. Revenue fell 6.4 percent, to $6.44 billion. Analysts had expected $6.72 billion. The company projected that 2012 earnings excluding items would be $5.45 to $5.60 per share, down from $5.90 per share in 2011.

A string of limousines is not a common sight outside the president's office at Roxbury Community College, but there they were last fall, as a group of the state's most prominent movers and shakers came to pay a call on the college's president, Terrence A. Gomes. They are members of the Massachusetts Competitive Partnership, a group that is quietly working to create more jobs in the state. They thought - mistakenly as it turned out - that they had come to make Gomes an offer he couldn't refuse.

Space has a litter problem. From the glove that astronaut Ed White lost during a 1965 spacewalk to small parts of satellites and spacecrafts, the earth is surrounded by a "debris belt" filled with about 500,000 pieces of junk. That orbiting field of stellar garbage represents a growing threat to the International Space Station, a multitude of orbiting satellites, and future space explorers. And since some of the stuff lost in space travels 10 times faster than a bullet, even a speck of rocket ship paint or an errant screw could wreck a spacecraft.

Raytheon Co., the world's largest missile maker, raised its full-year profit forecast after first- quarter net income increased 17 percent aided by improved performance at its missile and integrated-systems units. Profit from continuing operations will be $5 to $5.15 a share for the year compared with an earlier forecast of $4.90 to $5.05, the company said in a statement. Net income from continuing operations increased to $448 million, or $1.33 a share, compared with $384 million, or $1.06 a share, a year earlier, Raytheon said.

Raytheon posted a 17 percent jump in the first-quarter profit Thursday and the defense contractor boosted its full-year outlook with sales for missile, intelligence and information systems on the rise. The big jump in comparable net income was partially due to the charges that the company was saddled with during the same period last year, but it still beat Wall Street expectations handily when those one-time items are removed. Its outlook also topped the predictions of most analysts that follow the company.

Raytheon Co., the Waltham-based defense contractor, said it has successfully completed a test in New Mexico of its upgraded Patriot air and missile defense system, which features improved computing power and increased radar processing efficiency. It is better equipped to defeat smaller and faster targets, Raytheon said. The Patriot is the "system of choice" for 12 nations, Raytheon said.

Raytheon Co., the Waltham-based defense contractor with $25 billion in 2011 sales, said Monday that it has successfully completed a flight test of its upgraded Patriot air and missile defense system at White Sands Missile Range in New Mexico. The new Patriot system features vastly improved computing power and increased radar processing efficiency. As a result, it is better equipped to defeat smaller and faster targets, Raytheon said. In the test, the Patriot system "searched, detected, and tracked an air-breathing target flying at a low altitude in a high-clutter...

MUMBAI - Raytheon Co., the world's largest missile maker, is in talks with Tata Motors to mount the Javelin antitank weapon system on an infantry vehicle that India's largest truckmaker may manufacture. "This could be one of India's solutions to covering the full spectrum of combat equipment challenges in the region," said Brad Barnard, senior manager for international business and strategy at Raytheon. Tata Motors, Ashok Leyland Ltd., and Mahindra & Mahindra Ltd. are expanding their military equipment units after India opened defense production to private players in 2001.

Defense contractor Raytheon Co. on Wednesday raised its raised quarterly cash dividend to 50 cents from 43 cents. The move represents an increase of about 16 percent in the quarterly dividend. The company will pay its next dividend May 3 to shareholders of record on April 4. Raytheon's shares were up 40 cents to $51.90 in extended trading following the announcement.