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Raytheon Strikes Missile Deal with Kuwait

Raytheon (NYSE: RTN) won a $145 million Foreign Military Sales production contract for Patriot Guidance Enhanced Missiles – Tactical (GEM-T) to boost Kuwait’s air and missile defense.

“This new GEM-T missile production contract highlights the efforts by Kuwait Air Defense to maintain readiness and effectiveness of the Patriot Air and Missile System to counter evolving regional threats, ” said Sanjay Kapoor, vice president of Patriot Programs at Raytheon Integrated Defense Systems (IDS). “We continue to modernize the Patriot system and are committed to providing Kuwait and our 11 other partner nations globally with increased system reliability and reduced life-cycle costs.”

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