The Washington Business Journal:
Raytheon Co. won a $523.4 million contract Thursday to modernize Kuwait’s Patriot missile defense systems as the Waltham, Massachusetts-based defense giant continues to set its sights overseas.
The company will upgrade Kuwait’s systems to so-called “configuration three-plus” by digitizing the radar and upgrading the software. New additions also include the modern adjunct processor — a commercial off-the-shelf chassis equipped with 30-inch touch screens for a more user-friendly interface
Raytheon has 4,000 employees in the Greater Washington area.
Raytheon (NYSE: RTN) will upgrade six of Kuwait’s Patriot fire units — a combination of the radar, the command and control station and the missile launcher.
Currently, 13 countries operate Patriot systems including the U.S. In addition to Kuwait, Middle Eastern customers include Saudi Arabia, Israel, the United Arab Emirates and Qatar. Kuwait has been a Patriot customer since 1992.
Patriot partner members pay into an “engineering fair share” contract based on the number of units they have deployed. Those customers then meet once a year to decide the system’s future improvements and the costs are shared among all members.
