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.
