Raytheon Awarded $246 Million for UAE Patriot
TEWKSBURY, Mass., Feb. 9, 2009 /PRNewswire/ -- Raytheon Company has received a $246 million Foreign Military Sales contract for Patriot system spares for the United Arab Emirates (UAE).
The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., issued the firm fixed price contract that is initially funded at $123 million, which represents the first delivery order awarded under a five-year agreement for Patriot system spares.
"These spare parts are an imperative aspect for UAE to maintain continuous Patriot system readiness," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS).
This spares contract complements UAE's $3.3 billion order placed with the U.S. government in December 2008 to purchase the advanced Patriot system for air and missile defense.
Work under this contract will be performed by Raytheon Integrated Defense Systems at its headquarters in Tewksbury, Mass.; the Integrated Air Defense Center, Andover, Mass.; the Surveillance and Sensors Center, Sudbury, Mass.; and the Seapower Capability Center, Portsmouth, R.I.
Integrated Defense Systems is Raytheon's leader in Global Capabilities Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.
Raytheon Company, with 2008 sales of $23.2 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 87 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 73,000 people worldwide.
Contact: Mike Nason 703.419.1421
SOURCE: Raytheon Company
Web site: http://www.raytheon.com/
Company News On-Call: http://www.prnewswire.com/comp/149999.html
Company News On-Call: http://www.prnewswire.com/comp/742575 .html
The content of this News Release Archive is historical content. See this
important information regarding such content.