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RTN Raytheon Co

116.96
0.00 (0.00%)
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Last Updated: 01:00:00
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Share Name Share Symbol Market Type
Raytheon Co NYSE:RTN NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 116.96 0 01:00:00

Global partners invest $314 million in Patriot Integrated Air and Missile Defense System

25/02/2020 2:00pm

PR Newswire (US)


Raytheon (NYSE:RTN)
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TEWKSBURY, Mass., Feb. 25, 2020 /PRNewswire/ -- Raytheon Company [NYSE: RTN] is enhancing the combat-proven Patriot™ Air and Missile Defense System under a $314 million task order for engineering services from the U.S. Army, awarded on January 30. The task order is funded by the 17 nations that rely on Patriot for integrated air and missile defense. This is the third of five annual, indefinite delivery/indefinite quantity task order awards with a total contract ceiling of more than $2.3 billion

Raytheon logo (PRNewsfoto/Raytheon Company)

"These modernization efforts ensure Patriot continues to outpace the advancing and proliferating threat, and will be ready when needed," said Tom Laliberty, vice president of Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business. "The 17-nation Patriot partnership shares the cost and reaps the benefit of continued investment in the system."

Under the task order, Raytheon is providing comprehensive engineering services including systems, software and hardware development, integration and test services, configuration management and logistics support. Additionally, many of the project results will be incorporated into Patriot Post Deployment Build 8.1, a series of software and hardware capabilities, including:

  1. New cutting edge methods to search, detect, track, discriminate, engage, and defeat a wide range of evolving threats including tactical ballistic missiles, cruise missiles, and military aircraft.
  2. Integrating Warfighter Machine Interface into Patriot. WMI provides a total view of that battlespace, with 3-D visuals, easy-to-read status pages and search functions.

As part of the contract, Raytheon is also:

  • Enhancing the resilience of Patriot against evolving cyber threats
  • Developing solutions that enhance readiness and reduce life cycle costs by making the system more reliable.
  • Replacing obsolete parts of Patriot's communications system, enabling Patriot to reliably operate until the U.S. Army's new Integrated Air and Missile Defense command and control system comes on-line.

Raytheon's Global Patriot Solutions is the most advanced, tactical air and missile defense system in the world, providing protection against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles.

About Raytheon 
Raytheon Company, with 2019 sales of $29 billion and 70,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 98 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.

Note to Editors
The 17 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
  • Sweden
  • Poland
  • The Kingdom of Bahrain

Media Contact
Mike Nachshen
+1.520.269.5697
idspr@raytheon.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/global-partners-invest-314-million-in-patriot-integrated-air-and-missile-defense-system-301010687.html

SOURCE Raytheon Company

Copyright 2020 PR Newswire

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