Qatar awards Raytheon approximately $2.2 billion for additional integrated air and missile defense capability

Date : 07/10/2019 @ 6:10PM
Source : PR Newswire (US)
Stock : Raytheon Co (RTN)
Quote : 186.98  1.91 (1.03%) @ 10:13PM

Qatar awards Raytheon approximately $2.2 billion for additional integrated air and missile defense capability

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WASHINGTON, July 10, 2019 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced it was awarded two direct commercial sales contracts by the State of Qatar for additional integrated air and missile defense capability. The contracts, worth approximately $2.2 billion, include the National Advanced Surface-to-Air Missile System, final certification of the AMRAAM®-Extended Range missile, and an unspecified quantity of additional Patriot™ fire units. These awards are part of a larger agreement being pursued by the Qataris with the U.S. government. The combined value is expected to total up to $3B.

Raytheon logo (PRNewsfoto/Raytheon)

"Raytheon's integrated air and missile defense capabilities provide a combat-proven, layered approach that protects citizens, militaries and infrastructure from a broad spectrum of threats," said Ralph Acaba, President of Raytheon Integrated Defense Systems. 

Qatar is the first country to procure AMRAAM-ER, the surface-to-air extended-range variant of the combat-proven AMRAAM  air-to-air-missile. Qatar also becomes the 11th country to procure NASAMS, a medium-range air-defense solution manufactured by Raytheon and Kongsberg Defence & Aerospace AS. NASAMS uses the Raytheon Sentinel radar, and fires multiple interceptors, including AMRAAM-ER.

The combat-proven Patriot™ system is the backbone of air and missile defense for 16 nations.

About Raytheon
Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 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.

Media Contact
Tara Wood
+1.520.247.5730
rmspr@raytheon.com

Bailey Sargent
+ 1.781.535.1755
idspr@raytheon.com

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SOURCE Raytheon Company

Copyright 2019 PR Newswire

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