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Report: Poland Selects Raytheon for Missile Defense System Contract

MissileDefensePoland has decided to award Raytheon (NYSE: RTN) a contract to build a midrange missile defense system for the Polish military, Reuters reported Tuesday.

Marcin Goettig cites a report from Gazeta Wyborcza newspaper that says Polish government and defense leaders are scheduled to hold a press conference Tuesday to discuss Poland’s military fleet modernization program.

Raytheon competed against a ThalesMBDA team for the contract, which has a total estimated value of $5 billion, according to Goettig.

The Polish newspaper also noted Airbus as the current frontrunner in a competition to provide as many as 70 multipurpose helicopters to Poland, according to Reuters.

Airbus proposed its Caracal EC725 helicopter platform for the program.

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