Raytheon Receives Approval for USD 1.7 Billion Patriot Sale to Saudi A
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Raytheon Receives Approval for USD 1.7 Billion Patriot Sale to Saudi Arabia

TEWKSBURY, Mass.,  - Raytheon Company (NYSE: RTN) has received U.S. Congressional and State Department approvals on a $1.7 billion Direct Commercial Sales contract to upgrade the Kingdom of Saudi Arabia's Patriot Air and Missile Defense System to the latest Configuration-3. The award, announced earlier this year, includes ground-system hardware, a full training package, support equipment upgrades and an interoperability capability to support potential coalition operations.

Patriot is the world's most capable air and missile defense system, protecting against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. It is the system of choice for 12 nations around the globe.

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Raytheon is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and system integrator for Patriot Advanced Capability-3 missiles.


Source : Raytheon Corporation (NYSE: RTN)

Published on ASDNews: Dec 1, 2011

 

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