Raytheon Receives USD 582.5M for Radars and Services in THAAD Deal to UAE
- UAE becomes first international customer to gain the advanced AN/TPY-2 radars
Raytheon Company (NYSE: RTN) will provide AN/TPY-2 radars, associated spares, training and other services through 2018 to the United Arab Emirates (UAE) as the radar component to the Terminal High Altitude Area Defense (THAAD) missile defense system. This $582.5 million contract for the radars is part of the first sale of THAAD missile systems to an international customer.
"The AN/TPY-2 radar will provide the UAE with unprecedented surveillance and defensive capabilities," said Dave Gulla, vice president for Global Integrated Sensors at Raytheon Integrated Defense Systems. "With this contract, the UAE becomes the first international customer to acquire the world's most advanced mobile radar, which better positions the Emirates to defend itself from threats."
Global Missile Market 2015-2019
The AN/TPY-2, Raytheon's mobile, solid-state, phased array X-band radar, is being provided to the UAE through the Missile Defense Agency (MDA) as a Foreign Military Sale under the Arms Export Control Act.
The radar searches, detects, tracks and discriminates threats from non-threats, and then delivers data to the THAAD's fire control and communications element for engagement.
Lockheed Martin is prime contractor for THAAD. In addition to providing the radar, Raytheon collaborated in developing the Fire Control and Communications shelter, communications software, engineering, and testing support.
Work on the AN/TPY-2 radars for this contract will be performed at Raytheon facilities in Massachusetts and by suppliers in 33 states.
Source : Raytheon Corporation (NYSE: RTN)
Sep 28 - 30, 2016 - Washington, United States
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