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Raytheon Wins $225 Million Contract For Increased Patriot Capability

Monday, November 28th, 2016

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Raytheon Wins $225 Million Contract For Increased Patriot Capability

Raytheon's Patriot air and missile defense system. (Photo: Raytheon)

Raytheon [RTN] won a $225 million contract in direct commercial sales for additional capacity of Patriot Integrated Air and Missile Defense Systems from an undisclosed member of the 13-country group that owns Patriot systems, the company said Monday.The company highlighted the contract was originally awarded on Oct. 19, less than 45 days after Poland officials requested the Patriot system from the U.S. government. At that time the Netherlands also awarded Raytheon a contract to start upgrading its Patriot systems.“That added…

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