ANDOVER, Mass., July 29, 2019 /PRNewswire/ -- Raytheon
Company (NYSE: RTN) is upgrading Germany's Patriot Integrated Air and Missile
Defense System to the most current configuration available under a
$105.5 million direct commercial
sales contract from the NATO Support and Procurement Agency.
The contract award was first announced on Raytheon's earnings call
on July 25th.
"This upgrade ensures that Germany's air and missile defense remains
current until at least 2035," said Tom
Laliberty, Raytheon vice president of Integrated Air and
Missile Defense.
The contract comes shortly after the Defense and Budget
Committees of the German Federal Parliament approved the upgrade,
ensuring Germany remains aligned
with five other EU and NATO allies that rely on Patriot for
their air and missile defense. All countries – including the
U.S. – benefit from being part of the 16 nation consortium
through:
- Cost sharing for upgrades
- Enhancements to stay ahead of the growing threat
- Interoperability with other partner nations
Patriot has been successfully used more than 250 times in combat
to defend allied forces and civilian populations against hostile
aircraft, drones and tactical ballistic missiles.
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.
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
Media Contact
Mike
Nachshen
+1.520.269.5697
idspr@raytheon.com
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SOURCE Raytheon Company