Raytheon Awarded $87M to Help UAE Field, Operate Patriot Air Defense System

The U.S. Army has awarded Raytheon (NYSE: RTN) an $87.3 million modification under a foreign military sales contract to advise and assist the United Arab Emirates on the deployment and operation of the company-built Patriot air defense system.

Raytheon will also provide advisory and assistance services for planning, training,  maintenance and sustainment efforts related to UAE’s Patriot system, equipment and logistics support elements, the Defense Department said Friday.

The company will perform work in UAE through July 31, 2021.

The Army Contracting Command will obligate the full amount of the modification from fiscal 2017 “other” procurement funds.

Raytheon’s Patriot system works to detect, identify and engage tactical ballistic missiles, cruise missiles, manned and unmanned aircraft and other threats.

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