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.