Raytheon awarded contract worth more than $1.5 billion for additional Patriot™ integrated air and missile defense capability
Undisclosed nation deepens investment in Patriot
ANDOVER, Mass., Jan. 9, 2018 /PRNewswire/ -- 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 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.
SOURCE Raytheon Company