Raytheon Awarded $12 M for Patriot Missile Field Surveillance Program

(Tewksbury, Mass., March 17, 2010) -- Raytheon Company (NYSE: RTN) was awarded $11.9 million to provide material and technical services in support of the Patriot Missile Field Surveillance program.

This contract from the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is a modification to a three-year contract awarded to Raytheon in January 2008 for the Patriot Air and Missile Defense System. Under the contract modification, Raytheon will continue to support the manufacture, assembly and testing of Patriot missiles through 2010.

"This work supports all Patriot customers -- the U.S. and our 11 international partners -- that have selected the combat-proven Patriot as the foundation of their air and missile defense strategy," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "Raytheon is committed to supporting the operation of Patriot missile facilities with technical personnel, materials and test-related data to ensure the system performance and mission readiness of all Patriot systems."

Source : Raytheon Corporation (NYSE: RTN)