Raytheon Company (NYSE: RTN) is partnering with the Jenoptik subsidiary Lechmotoren, a part of the Jenoptik Defense & Civil Systems division, to produce advanced power generators for the Patriot Air and Missile Defense system. Under terms of this new contract, Jenoptik will build power plants, power generators, test equipment and spares for one of Patriot's global partners. Raytheon and Jenoptik are also discussing opportunities to supply power generation equipment for two additional Patriot partner nations, including one from NATO.
"Raytheon looks forward to continuing its meaningful partnership with Jenoptik well into the future. This effort underscores our ongoing commitment to deepen existing, and develop new, partnerships with German industry," said Ralph Acaba, vice president of Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business. "The 13-nation global Patriot network offers Jenoptik and other industry partners access to an export market of established users worldwide – an opportunity unique to the Patriot system."
"This order is another milestone to us in the long-term partnership between Raytheon and Jenoptik", says Jenoptik President and CEO Michael Mertin. "We are convinced that we can continue to contribute to the Patriot success story with our innovative products. Jenoptik is currently developing a new hybrid power supply for the Patriot system, after proving the functionality of the power supply's prototype in March 2015."
Additionally, Raytheon continues its long standing partnership with German industry in preparation for the TLVS program (Tactical Air Defense System 2020). The company's offer for the TLVS program includes the implementation with German industry of a next generation Patriot solution, which incorporates:
Patriot is designed with modular components allowing the system to be continually upgraded and modernized. Today, Patriot is the only combat-proven air and missile defense system, protecting German, U.S. and allied forces around the world. Its 13-nation global community, including five NATO nations and future Patriot partners, offers benefits through system enhancement, training, maintenance, testing, logistics and shared costs.
Source: Raytheon Corporation (NYSE: RTN)
Date: Apr 24, 2015