The Pentagon has offered Turkey the opportunity to purchase the latest version of their Patriot air-defense missile as part of an arms package that will include up to 290 missiles including 72 PAC-3 models and communications gear. The package is valued at up to $7.8 billion.
The Defense Logistics Agency has awarded Raytheon Technologies (NYSE: RTX) a potential $6B contract modification to provide spare parts as well as engineering and repair services for the Patriot surface-to-air missile system.
The State Department has cleared Kuwait’s request to buy Patriot Advanced Capability-3 Missile Segment Enhancements, program sustainment support and repair services under three foreign military sales agreements worth $1.42B combined.
Lockheed Martin (NYSE: LMT) has received a three-year, $523.8 million contract modification for the supply of updated Patriot missiles to the U.S. Army as well as Qatar, Saudi Arabia and Romania. The company will provide Patriot Advanced Capability-3 enhancement and cost reduction initiative missiles along with complementary support equipment through the modified domestic and foreign military sales contract, the Defense