Raytheon awarded contract worth more than $1.5 billion for additional Patriot integrated air and missile defense capabilityJanuary 9, 2018
Cision PR Newswire:
ANDOVER, Mass., Jan. 9, 2018 /PRNewswire/ — An undisclosed member of the 14-nation group that own the combat-proven Patriot Integrated Air and Missile Defense System has awarded Raytheon Company (NYSE: RTN) 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.