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Raytheon Wins $2.2 Billion In Qatar Air And Missile Defense Systems

Wednesday, July 10th, 2019

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Raytheon Wins $2.2 Billion In Qatar Air And Missile Defense Systems

Lockheed Martin's PAC-3 missile, part of the Patriot air defense capability. (Photo: Lockheed Martin)

Raytheon [RTN] on Wednesday confirmed it won two Qatar contracts for the National Advanced Surface-to-Air Missile System (NASAMS) and more Patriot fire units worth about $2.2 billion. The announcement came the day after a joint statement from President Trump and the visiting Amir of Qatar noted Qatar’s defense ministry’s commitment to acquire the NASAMS and Patriot as one of several “mutually beneficial transactions.” The full defense awards will make Qatar the 11th country to procure NASAMS, includes final certification of…

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