Raytheon Awarded More Than $2 Bn for an International Patriot Air and Missile Defense System

April 17, 2015

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Raytheon Company (NYSE: RTN) announced today it has been awarded a contract worth over $2.0 billion to deliver the combat-proven Patriot Air and Missile Defense System to an undisclosed international customer.

The contract, awarded on April 2, 2015 and booked in the second quarter as a direct commercial sale, includes fully digitized new-production Patriot fire units with the latest technology for improved threat detection, identification and engagement. The contract also includes a full training package and support equipment.

"In the past five months Qatar , Korea and now this international partner have all chosen Raytheon's Global Patriot solution because they have confidence in the world's most advanced air and missile defense system," said Daniel J. Crowley , president of Raytheon Integrated Defense Systems. "Including this most recent contract, Raytheon has booked more than $5 billion in international Patriot orders since late December 2014 ."

About Global Patriot Solutions
Raytheon's Global Patriot Solutions is the most advanced portfolio of air and missile defense technologies in the world, providing comprehensive protection against a full range of advanced threats including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. Continually upgraded and enhanced to leverage the latest technology, Patriot serves as the air and missile defense foundation for nations around the globe. 

Source : Raytheon Corporation (NYSE: RTN)