Raytheon awarded contract worth more than $1.5 billion for additional Patriot™ integrated air and missile defense capability
ANDOVER, Mass.,-- Raytheon Company [NYSE: RTN] announced today it has been awarded a new, direct commercial sales contract worth more than $1.5 billion to provide additional Patriot Air and Missile Defense system capability to a member of the 14-nation Patriot partnership. The contract was awarded on Jan 4, 2018. Details on the specific contracting country were not disclosed.
Raytheon's Patriot™ is a missile defense system consisting of radars, command-and-control technology and multiple types of interceptors, all working together to detect, identify and defeat tactical ballistic missiles, cruise missiles, drones, advanced aircraft and other threats. Patriot is the foundation of integrated air and missile defense for 14 nations.
Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 95 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I™ products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.