News Spotlight: Raytheon Company (NYSE:RTN)

Raytheon Company (NYSE:RTN) stock observed trading -2.18% off 52-week high price. On the other end, the stock has been noted 44.32% away from low price over the last 52-weeks. The stock disclosed a move of 4.07% away from 50 day moving average and 17.47% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.45% off 20-day moving average. It has market cap of $63.93B and dividend yield of 1.66%.

On Jan. 14, 2020, Raytheon Company (NYSE:RTN) reported that it was selected by the Federal Aviation Administration to improve the usability and reduce operational costs for the Standard Terminal Automation Replacement System. The modernization of STARS is critical to ensuring the national airspace continues to stay safe.

We want air traffic controllers to have the best tools available to manage the increasingly complex airspace around our airports, said Dave Wajsgras, president of Raytheon Intelligence, Information and Services.

STARS is used by air traffic controllers across the U.S. to provide safe and efficient aircraft spacing and sequencing guidance for more than 40,000 departing and arriving aircraft daily at more than 600 civilian and military airports.

In partnership with the FAA, our STARS program has been deployed at 11 of the largest Terminal Radar Approach Control facilities that control 80 percent of U.S. air traffic, said Matt Gilligan, vice president of Raytheon IIS. Raytheon has installed the advanced STARS systems at TRACONS in New York, Dallas/Fort Worth, Denver, northern and southern California, St. Louis, Louisville, Minneapolis, Atlanta and Washington, D.C.

Raytheon’s STARS team will continue to work with the FAA’s NextGen modernization initiative to achieve a historic first—a single national software and hardware baseline across the country by the middle of 2020.

The USA based company Raytheon Company moved with change of 0.11% to $227.4 with the total traded volume of 1095553 shares in recent session versus to an average volume of 1.35M. The stock was observed in the 5 days activity at 0.38%. The one month performance of stock was 4.22%. RTN’s shares are at 14.05% for the quarter and driving a 41.67% return over the course of the past year and is now at 3.49% since this point in 2018.  Right now the stock beta is 0.85. The average volatility for the week and month was at 1.02% and 1.37% respectively. There are 281.15M shares outstanding and 278.07M shares are floated in market.

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