Raytheon Technologies secures $290.7M Navy contract

  • Raytheon Technologies (NYSE:RTX) has been awarded a ~$290.7M cost-plus-incentive-fee, fixed-price incentive (firm target) contract.
  • Company to provides material and support equipment for depot maintenance facilities, program administrative labor for non-recurring sustainment activities, mockup engines and modules for test cells.
  • It will also provide supplies, services, and planning for depot activations in support of the F-35 Lightning II Program Lot 13 propulsion system for the Navy, Marine Corps, Air Force, non-Department of Defense participants and Foreign Military Sales customers.
  • Work to be performed at multiple locations; and is expected to be completed in January 2024.

    Raytheon fundamentals

    Over the current book year the total revenu from the company based in Waltham will be 65.3 billion USD (consensus estimates). This is hugely more than 2019's revenue of 56.59 billion USD.

    Historical revenues and results Raytheon plus estimates 2020

    koersdata Raytheon

    The analysts expect for 2020 a net profit of 5.69 billion USD. For this year the consensus of Raytheon 's result per share is a profit of 3.76 USD. With this the price/earnings-ratio is 18.77.

    Per share the analysts expect a dividend of 2 USD per share. The dividend yield is then 2.83 percent. The average dividend yield of the aerospace & defense companies is a moderate 0.2 percent.

    Based on the current number of outstanding shares Raytheon 's market capitalization is 61.01 billion USD. The Raytheon stock was the past 12 months quite unstable. Since last February the stock is 21 percent lower. This year the stock price moved between 41 and 93 dollar.

    Historical stock prices Raytheon

    equity research raytheon

    Click here for dividend Raytheon. On Wednesday the stock closed at 70.58 USD.

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