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Raytheon Earns $195 Million in Pair of Overseas Patriot Upgrade Contracts

DDN

Friday, July 18th, 2008

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FARNBOROUGH, England--Raytheon [RTN] Tuesday said that Kuwait and South Korea would be getting Patriot upgrades on separate deals worth about $195 million. "These contracts are continuing evidence of the resurgence of Patriot today," Skip Garrett, vice president and deputy for the company's Patriot programs, told reporters during a briefing here. Raytheon received a $156 million Foreign Military Sales award from the Army to provide Kuwait with Patriot Configuration-3 radar upgrade kits and related services. Kuwait's upgrades are consistent with those…

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