Raytheon wins $1.1 Billion order from Taiwan for Patriot missile defense systems

TEWKSBURY, Mass., 28 Dec. 2009. Raytheon (NYSE: RTN) won Foreign Military Sales contract awards totaling $1.1 billion to fund new production of the Patriot Air and Missile Defense System for Taiwan. The awards include ground-system hardware through an initial contract valued at $965.6 million and an initial spares contract valued at $134.4 million.

Dec 28th, 2009

TEWKSBURY, Mass., 28 Dec. 2009. Raytheon (NYSE: RTN) won Foreign Military Sales contract awards totaling $1.1 billion to fund new production of the Patriot Air and Missile Defense System for Taiwan. The awards include ground-system hardware through an initial contract valued at $965.6 million and an initial spares contract valued at $134.4 million.

The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., issued the contract for new-production Patriot fire units that will include new advances in technology, improved man-machine interface and reduced life-cycle costs.

"The Patriot system is a vital element to providing superior integrated air and missile defense capabilities for the protection of Taiwan," says Daniel L. Smith, president of Raytheon Integrated Defense Systems (IDS). "Raytheon has provided advanced technology, innovation and support in Taiwan for more than 40 years, and we are honored to continue that partnership today and in the future."

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. Work under these contracts will be performed at the Raytheon IDS Integrated Air Defense Center in Andover, Mass.; El Paso, Texas; and Huntsville, Ala.


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