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Raytheon Wins $946M in Awards for Missile Defense Radars

Raytheon (NYSE: RTN) has won two contracts totaling $946.4 million for AN/TPY-2 radar systems and support services for Terminal High Altitude Area Defense systems, the company announced Friday.

The awards include:

  • A $363.9 million contract to provide two AN/TPY-2 radars to the U.S. Army for its THAAD system.
  • A $582.5 million contract to provide AN/TPY-2 radars, spares, training and services through 2018.

Under the second contract, the Missile Defense Agency will provide the radars and relates services to the United Arab Emirates under a foreign military sales agreement.

Dave Gulla, vice president for global integrated sensors at Raytheon, said the UAE is the first international customer to acquire the AN/TPY-2 radar.

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