Raytheon Wins $1.5Bn Patriot Order

Raytheon Awarded Contract Worth More Than $1.5 Billion for Additional Patriot Integrated Air And Missile Defense Capability

(Source: Raytheon Co.; issued Jan. 9, 2018)

Although Raytheon has not named the country which ordered $1.5 billion’s worth of additional Patriot air-defense missiles, rumor has it that this is Saudi Arabia’s second such order. (Twitter photo)

ANDOVER, Mass. --- An undisclosed member of the 14-nation group that own the combat-proven Patriot Integrated Air and Missile Defense System has awarded Raytheon Company a direct commercial sales contract worth more than $1.5 billion for additional capability. The contract was awarded on Jan 4, 2018.

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.

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Raytheon Wins $1.5Bn Patriot Order Raytheon Wins $1.5Bn Patriot Order Reviewed by Defense Alert on 04:52:00 Rating: 5

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