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Raytheon Pegs LTAMDS Franchise At $20 Billion Or More

Cal Biesecker By
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Raytheon Pegs LTAMDS Franchise At $20 Billion Or More
Raytheon's LTAMDS radar. (Chris Navin Photographer, Advanced Media)

Raytheon’s [RTN] win last week of the next-generation radar to replace the existing radar on the Patriot air and missile defense system is worth at least $20 billion over the life of the program, senior company officials said on Thursday. The Lower Tier Air and Missile Defense Sensor (LTAMDS) will replace and upgrade most, if not all, 250 existing Patriot radar systems that have been, or are being, acquired by customers in 17 countries and will also be available as…

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