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Raytheon Awarded $1.5 Billion Deal For Additional Patriot Missile Defense Capabilities

Matthew Beinart By
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Raytheon [RTN] is starting 2018 with a new deal worth more than $1.5 billion for additional missile defense capabilities from one member of the 14-nation group that owns a Patriot system.The company did not disclose what capabilities were purchased or which country currently owning a Patriot Integrated Air and Missile Defense System awarded the contract. The deal was announced Jan. 9 and initially completed Jan. 4. Fourteen nations have previously purchased Patriot systems including the U.S., Netherlands, Germany, Japan, Israel, Saudi Arabia,…

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