Hello, Guest!
  • Friday, April 19, 2024

Raytheon to Update Kuwait’s Patriot System Fire Units Under $523M FMS Contract


Raytheon logoRaytheon (NYSE: RTN) has acquired a $523 million foreign military sales contract from the U.S. Army to modernize six Patriot air and missile defense fire units for Kuwait.

Services will be conducted in sites across Alabama, Massachusetts and California as well as in Norway, Italy, Greece, Canada and the U.K., the Defense Department said Thursday.

DoD added that the Army Contracting Command has obligated $256 million from its fiscal 2010 “other” procurement funds for the fixed-price-incentive contract.

Patriot is a Raytheon-made long-range, high-altitude combat missile defense system designed to counter threats such as tactical ballistic and cruise missiles, as well as drones and advanced aircraft.

Video of the Day

Related Articles

Army Begins Market Research for ACCESS Acquisition Effort Contract Awards

Army Begins Market Research for ACCESS Acquisition Effort

The U.S. Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS. ACCESS will be the successor to the multiple-award Responsive Strategic Sourcing for Services indefinite-delivery/indefinite-quantity contract, according to a request for information published Wednesday. The

Investigating the US Army’s FY2025 Budget Proposal DOD

Investigating the US Army’s FY2025 Budget Proposal

The U.S. Army wants $186 billion in spending power for fiscal year 2025, a figure which has not yet been approved. The budget includes funds for nine barracks construction projects, an increased focus on fitness facilities and routine upticks in pay for soldiers. It has also been assembled with an eye toward responding to “aggression in

General Dynamics Land Systems Secures $297M Army M10 Booker System Technical Support Contract Contract Awards

General Dynamics Land Systems Secures $297M Army M10 Booker System Technical Support Contract

A General Dynamics (NYSE: GD) subsidiary has received a potential five-year, $296.8 million contract from the U.S. Army to provide system technical support for the military branch’s M10 Booker combat vehicle. Army Contracting Command will obligate funds and determine work locations upon award of each task order and expects contract work to run through April