Wednesday, May 22, 2013
Raytheon is bidding to build a ‘Space Fence’ to track orbital debris, a project around which Hanscom Air Force Base, MIT Lincoln Labs and Mitre Corp. are all expected to be involved.
First cyberspace and now outer space. Hanscom Air Force Base, by virtue of the surrounding intellectual capital and scientific industry, has long been a leader in cutting edge defense systems. Home to the Electronic Systems Center and a first line of defense against cyber warfare, Hanscom now has its sights set on the “final frontier.” According to the Globe, Hanscom is a “focal point” for bids to build a $3 billion “Space Fence” system for tracking orbital debris. The local ties to the first-of-its kind Space Fence don’t stop there. One of the companies competing for to build the system is Waltham-based Raytheon, and engineers at MIT Lincoln Labs in Lexington and Mitre Corp in Bedford will assist Air Force officials in selecting the …
Tuesday, May 21, 2013
The list was compiled based on several performance factors.
Ten Waltham companies have been named to the Boston Globe’s top 100 publicly held companies. The rankings were compiled based on several performance factors including 2012 revenue and one-year profit margins. By ranking, the list includes: For more information, visit the Boston Globe.
Tuesday, March 26, 2013
The company did not specify from which office it would eliminate jobs.
A Waltham-based defense contractor plans to cut 200 jobs, according to FOX 25. Raytheon has announced it would consolidate several business units in an effort to boost productivity, according to FOX 25. The move will save $85 million. The international firm did not specify from which offices it would cut jobs. During the fourth quarter fo 2012, Raytheon reported a 14 percent drop in net income. The company also announced several other restructuring moves. More details from FOX 25.
Wednesday, October 12, 2011
Raytheon gives $1 million to education cause.
A Waltham company has donated $1 million to support engineering education programs. Raytheon, a defense contractor, has donated $1 million to the Museum of Science in Boston to expand engineering training centers nationwide as part of its Engineering is Elementary Program, according a press release from the company. New education centers will be built in Alabama, Washington D.C. and Arizona where teachers will educate elementary school students on engineeering subjects. "By helping teachers bring the basic concepts of engineering and technology to life, they will be able to excite future generations of students to become the innovators of tomorrow," Raytheon Chairman and CEO William Swanson said in a statement. The donation will be …
Saturday, January 15, 2011
Raytheon's equipment aids in global warming research.
A climate sensor made by Waltham-based Raytheon will soon be launched into orbit. The sensor, designed to measure the affect of aerosol’s on the worldwide climate patterns, will soon fly aboard NASA’s Glory spacecraft, according to a Raytheon press release. "The sensor can distinguish between various types of aerosols and reveal the different role each plays in either warming or cooling our planet," Raytheon’s Vice President of Space Systems Bill Hart said. "With this information, policy leaders can make better-informed decisions with regard to addressing seasonal and regional climate change events." The sensor’s job is crucial to further scientists’ understanding of global warming. "Since black carbon aerosols generally contribute to …
Wednesday, December 29, 2010
Raytheon will make advanced radars for U.S. Navy jets.
Waltham-based Raytheon has received an early New Year's gift — $52 million. Raytheon, which manufactures national defense equipment, announced today that the U.S. Navy had awarded the company the multi-million dollar contract to produce advanced radars for its F/A-18 Super Hornet, an aircraft carrier-based fighter jet. The manufacturing work will be done in Andover, El Segundo, CA, Forest, MO, and Dallas, TX, according to a Raytheon press release. Waltham West Chamber of Commerce Executive Director John Peacock hailed the announcement, but also cast doubt on part of it. "In Waltham, it makes the company stronger," he said. "[I'm] not to sure if it would relate to jobs in Waltham," he said. Specifically, the APG-79 radars as they are known…