Raytheon Patriot Engineering Contract Increases to $803M

Raytheon Co. (NYSE: RTN) has won a $138.7 million U.S. Army contract option to provide engineering services for the Patriot Air and Missile Defense System.

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Raytheon said Wednesday this is the third of four annual options to the base contract awarded in 2009, which brings the contract’s value to $803 million.

The Waltham, Mass.-based missile maker will continue delivering systems analysis, software and hardware engineering and testing and logistics support.

The system is used to defend against advanced aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles threats.

Raytheon is the prime contractor for domestic and international Patriot systems and associated missiles, including to Taiwan in a recent $685.7 million foreign military sale.

Raytheon said it will perform work under the third contract option at the following U.S. Army facilities:

  • Integrated Air Defense Center, Andover, Mass.
  • IDS Headquarters, Tewksbury, Mass.
  • Warfighter Protection Center, Huntsville, Ala.
  • Mission Capability Verification Center, White Sands, N.M.

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