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Raytheon to Update Patriot Under $212M, 13-Country Deal; Ralph Acaba Comments

Ralph Acaba
Ralph Acaba

Raytheon (NYSE: RTN) will continue to update the Patriot Air and Missile Defense System under a $212 million shared engineering services agreement between the U.S. and 12 partner nations awarded via the U.S. Army.

The company said Thursday the Army Aviation and Missile Command awarded the contract for systems analysis, software development, testing and logistics services for fielded Patriot systems across the 13-country partnership.

“The U.S. and other Patriot partner nations have made significant investments over the years, so that Patriot can maintain a high readiness rate and outpace evolving threats on the modern battlefield, ” said Ralph Acaba, vice president of integrated air and missile defense at Raytheon’s integrated defense systems unit.

Raytheon will perform contract work at locations in Alabama, California, Massachusetts, New Hampshire, New Mexico, Texas and Virginia.

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