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Raytheon Tapped To Develop Australian Air Defense System

By Marc Selinger

Friday, April 14th, 2017

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The Australian Department of Defence announced April 10 that it has picked Raytheon [RTN] Australia to develop a short-range, ground-based air defense system.The department plans to spend up to $2 billion Australian ($1.5 billion U.S.) to provide the capability to its army. The system will be based on the existing National Advanced Surface to Air Missile System (NASAMS), which is in service in the United States and several other countries.“Australia’s current short-range capability is 30 years old and due to…

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