Toby O’Brien, chief financial officer of Raytheon, told Defense One in an interview published Thursday that the company “did get some incremental work” when it comes to hypersonics and counter-hypersonics and saw its backlog rise to approximately $750M through the third quarter of 2019.
“We’ll probably do about $300 million in revenue, combined on hypersonics and counter-hypersonics work this year,” he said. “We’re progressing well and we’re pleased with what the teams are doing there.”
O’Brien said the company and its partner Germany-based Rheinmetall will continue to work with the U.S. Army and other stakeholders to find ways on how to support the service branch’s program to replace its Bradley combat vehicle.
He shared updates on the proposed all-stock merger between Raytheon and United Technologies Corp. and cited a $384M initial firm-fixed-price contract to produce six Lower Tier Air and Missile Defense Sensor prototypes for the U.S. Army.
O’Brien was selected in September to serve as CFO of the combined Raytheon-UTC entity once the two companies complete their merger.