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

Matthew Beinart By
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Raytheon Awarded $1.5 Billion Deal For Additional Patriot Missile Defense Capabilities
Patriot Photo: Raytheon

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 Tuesday 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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