Sweden signs agreement with U.S. government for Patriot Air and Missile Defense System

Sweden becomes 16th nation to entrust lower tier air and missile defense to Raytheon's Patriot system

STOCKHOLM, Aug. 10, 2018 /PRNewswire/ -- The government of Sweden signed an agreement to purchase Raytheon's (NYSE: RTN) Patriot™ air and missile defense system from the U.S. Army. The agreement, formally referred to as a Letter of Offer and Acceptance, paves the way for Sweden's Patriot force to rapidly reach Initial Operational Capability.

Raytheon's Global Patriot Solutions provides a missile defense architecture that is continuously upgraded to keep ahead of evolving threats.

"Sweden and 15 other countries trust our Patriot system to defend its citizens, military and sovereignty because Patriot has a proven track record of defeating ballistic missiles and a host of other aerial threats," said Wes Kremer, President of Raytheon Integrated Defense Systems. "Patriot in Sweden will enhance Northern European security and further strengthen the Trans-Atlantic partnership by providing a common approach to Integrated Air and Missile Defense."

Patriot is the backbone of Europe's defense against ballistic and cruise missiles, advanced aircraft and drones.

European Nations with Patriot: Germany, Greece, the Netherlands, and Spain currently have Patriot. Within the past 12 months Romania and Poland signed Letters of Acceptance for Patriot, becoming the 5^th and 6^th European nations to procure Raytheon's Patriot system.

About Raytheon

Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 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, Mass. Follow us on Twitter.

Note to Editors

The 16 Patriot Nations are:

United States of America
The Netherlands
Germany
Japan
Israel
Kingdom of Saudi Arabia
Kuwait
Taiwan
Greece
Spain
Republic of Korea
United Arab Emirates
Qatar
Romania
Poland
Sweden

www.raytheon.com

Media Contact
Mike Nachshen
+ 1.520.269.5697
idspr@raytheon.com

Raytheon’s Global Patriot™ Solutions 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.

Raytheon's Patriot™ is a long-range, high altitude, all-weather solution that has more than 3,000 ground tests and over 1,400 flight tests, with U.S. Army oversight under real-world conditions. (PRNewsfoto/Raytheon Company)

Raytheon logo (PRNewsfoto/Raytheon)

SOURCE Raytheon Company