Raytheon receives $109 million contract for Patriot Air and Missile Defense System
US and international Patriot partners strengthen defense against evolving threats
TEWKSBURY, Mass., Sept. 10, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a $109 million Engineering Services contract for its Patriot Air and Missile Defense System. The contract, issued by the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is for ongoing technical support and services to the U.S. Army and Foreign Military Sale customers to ensure readiness of their Patriot systems.
"Customers around the world will benefit from the maintenance and upgrades that result from this contract – especially the technical baseline improvements designed to counter evolving threats," said Ralph Acaba, vice president of Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business. "The U.S. Army recognizes the importance of investing in Patriot sustainment, especially given the instability in the world today."
Under this contract, the system analysis, software development, testing and logistics support, and other country-specific system requirements work will be performed by Raytheon in Andover, Mass.; Tewksbury, Mass.; Huntsville, Ala.; and White Sands, N.M.
Patriot is the world's most modern and capable air and missile defense system, providing protection against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. Continually upgraded and enhanced to reflect the latest technology, Patriot is the system of choice for 12 nations around the globe.
Raytheon is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and system integrator for Patriot Advanced Capability-3 missiles.
Raytheon Company, with 2013 sales of $24 billion and 63,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 92 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 cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @Raytheon.
SOURCE Raytheon Company