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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…

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