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Raytheon Wins $2.4 Billion Contract To Provide Patriots To Qatar

Tuesday, January 6th, 2015

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Raytheon [RTN] received a $2.4 billion Foreign Military Sales (FMS) contract to produce new-production fire units of the Patriot Air and Missile Defense System for Qatar, the company said on Dec. 22.The contract contains the latest fire units, which includes increased computing power, greater radar processing efficiency, an improved man-machine interface, and reduced life-cycle costs.Qatar is a new Patriot customer and is becoming the 13th international Patriot customer. The contract is part of a modernization and recapitalization effort that Qatar…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

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Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

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All Future Systems Should Have Autonomy Features, Reed Says

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Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]