Raytheon (NYSE: RTN) will produce radar digital processor kits for Patriot Air and Missile Defense Systems operated by the U.S. and two partner countries under a $235.5 million contract.
The company said Wednesday that the full-rate production contract is intended to reduce the number of battery replaceable units from 759 to 56 and increase reliability by 40 percent.
Production work will also aim to update how the system detects and identifies targets, performs surveillance and supports the Lockheed Martin-built (NYSE: LMT) PAC-3 MSE missile.
“All of our 12 Patriot partners participate in prioritizing these enhancements and funding them through the Patriot International Engineering Services Program, “Â said Ralph Acaba, vice president of integrated air and missile defense at Raytheon.
Work will occur atÂ Raytheon’s Integrated Air Defense Center in Andover, Mass.