Poland's government announced it will formally request the Raytheon Company (NYSE: RTN) combat-proven Patriot Integrated Air and Missile Defense System from the United States government.
"Poland's formal request is an important milestone toward becoming the 6th NATO Patriot country and the 14th Patriot partner nation," said Wes Kremer, president of Raytheon Integrated Defense Systems. "Raytheon will continue supporting the U.S. and Polish governments through the Foreign Military Sales process. Poland's Patriot solution provides a proven capability against the evolving threat of ballistic and cruise missiles, and advanced aircraft and drones."
During the FMS process, Raytheon will also partner with Poland's government and industry to finalize offset and industrial participation plans. Raytheon has already signed eight contracts and more than 30 letters of intent with Polish industry.
Source: Raytheon Corporation (NYSE: RTN)
Date: Sep 6, 2016