Toby Oâ€™Brien, chief financial officer of Raytheon, told Defense One in an interview published Thursday that the company â€œdid get some incremental workâ€ when it comes to hypersonics and counter-hypersonics and saw its backlog rise to approximately $750M through the third quarter of 2019.
â€œWeâ€™ll probably do about $300 million in revenue, combined on hypersonics and counter-hypersonics work this year,â€ he said. â€œWeâ€™re progressing well and weâ€™re pleased with what the teams are doingÂ there.â€
Oâ€™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 branchâ€™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 aÂ $384M initial firm-fixed-price contract to produce six Lower Tier Air and Missile Defense Sensor prototypes for the U.S. Army.
Oâ€™Brien was selected in September to serve as CFO of the combined Raytheon-UTC entity once the two companies complete their merger.