Late Monday afternoon the Phoenix Business Journal reported that Raytheon’s Arizona-based missile division has received a $200.5 million weapons order from the U.S. military and five U.S. allies including Saudi Arabia and Kuwait.

The U.S. Defense Department announced the contract Monday for its AIM-9X Sidewinder air-to-air missile as well as air-to-air training missiles.

Raytheon is to provide 532 missiles total to the U.S. Navy and Air Force as well as the governments of Malaysia, Morocco, Oman, Kuwait and Saudi Arabia, according to the Pentagon’s contract announcement.

The bulk of the work will be done at Raytheon’s 10,000-worker missile division in Tucson. See full story here: https://www.bizjournals.com/phoenix/news/2013/08/12/raytheon-gets-200-million-contract.html

This follows last week’s announcement of a $218 million contract by the Missile Defense Agency to complete the assembly and delivery of 29 Standard Missile-3 Block IB missiles. Launched off U.S. Navy ships, SM-3 interceptors protect the U.S. and its allies by destroying incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space.

“The three back-to-back successful SM-3 Block IB flight tests have demonstrated the missile’s advanced capabilities and reliability against various threats in a variety of mission scenarios,” said Dr. Taylor Lawrence, Raytheon Missile Systems president. “Combatant commanders around the world are eager to build up their inventories in support of Phase 2 of the Phased Adaptive Approach starting in 2015.”

According to the release, final assembly will take place in Raytheon’s new, state-of-the-art Redstone Missile Integration Facility in Huntsville, Ala. Guidance sections and guidance units will be built at the Raytheon Missile Systems Space Factory in Tucson, Ariz.

“The Redstone Missile Integration Facility will prove critical as we ramp up our manufacturing capacity on the path to SM-3 Block IB full-rate production,” said Dr. Mitch Stevison, Raytheon Missile Systems’ SM-3 program director.

Raytheon’s Q2 2013 financial results reported net sales increased 2.1% YoY to $6.1 billion. Net income attributable to Raytheon was $488 million or $1.50 per diluted share in Q2 2013 compared to $472 million or $1.41 per diluted share in Q2 2012. Commenting on the results, William H. Swanson, Raytheon’s Chairman and Chief Executive Officer, said, “Our world class technology and innovation have positioned us well to meet the global security needs of our customers, and strong program execution drove solid operating performance in the second quarter.”

Raytheon (NYSE:RTN) stock opened this morning at $76.10 up 11% in after hour trading.

The City of Tucson cordially invites Property Owners, Residents, Business Owners, Neighborhood Representatives, Advocacy Groups, Business Groups, Developers, Investors, the University of Arizona, and other stakeholders with an interest in the Quarter Mile Focus Area of the Tucson Modern Streetcar Line to participate in a series of follow-up meetings related to The Tucson Modern Streetcar Design Charrette that was held in January (see video attached at bottom). The purpose of these meetings is to provide information regarding proposed strategies the consultant team is developing to help the community achieve the vision developed during the Charrette process.

Meeting 1:
West University & 4th Avenue Business District (Central Segment) – Date/Time: Monday, August 5th 6:00 PM
Location: Main Library, 101 N Stone Av., Lower Level Meeting Room

Meeting 2:
Eastern Terminus & Main Gate – Date/Time: Monday, August 12th 6:00 PM
Location: University of Arizona Student Union, 1303 E University Blvd., 2nd Floor – Kiva Room

Meeting 3:
Downtown Entertainment Districts & Downtown Cultural/Convention District – Date/Time: Monday, August 19th 6:00 PM
Location: Public Works Building, 201 N Stone Av., Basement Conf. Rm. C

Meeting 4:
Western Terminus – Date/Time: Monday, August 26th 6:00 PM
Location: Public Works Building, 201 N Stone Av., Basement Conf. Rm. C

Questions? Email The Planning Center: [email protected]

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After five years as a tenant, Yvonne Foucher purchased the building she was in at 3063 N Alvernon Way in Tucson, located south of Fort Lowell on Alvernon, the store known to most as CataVinos. Foucher paid[mepr-show rules=”58038″]$147,000 ($78 PSF) for the 1,880 sq. ft. building (built 1955). The seller was Elias & Irma Rangel of Tucson.

CataVinos is a full service wine shop and tasting room with extensive flights of wine from all over the world. It started at this location and plans to stay here for some time. At CataVinos there are six wines to sample every week, with a different theme, from a different country and a different point of view. Along with the casual wine tasting comes the traditional cheesed and other gourmet goodies from around the globe to accompany each flight. Tasting is free with a case purchase and $8 with wine purchase over $10.

CataVinos was voted “Best Wine Bar in Tucson for 2010” by its legions of loyal fans. “Thanks to amazing prices, (with hundreds of wines under $15 per bottle) and unfussy, laid-back vibe; and owner Yvonne Foucher’s passion for good wine, CataVinos is a great place to enjoy one’s self,” according to the Best Of Tucson issue of the Tucson Weekly.

Every other Wednesday usually features white wines, although Foucher does get creative with other wines such as “Wine as Art”, “Nothing but Blends”, “BBQ Wines” etc. tasting nights. Foucher is also a local fan of local artists and charities, and the space provide a great venue for both.

The sale was handled by Aaron LaPrise, Retail Specialist with Cushman & Wakefield / Picor in Tucson.

Foucher at CataVinos can be contacted at (520) 323-3063. LaPrise should be reached at (520) 546-2770.[/mepr-show]

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Sale date: 7/19/2013. Buyer paid all cash. Property has two buildings on 8,533 SF lot: 1,340 SF (built 955) and 540 SF (built 1981). Buyer was a tenant for 5 years prior to purchase; there were no options involved.
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