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Raytheon Gets $235M Army Task Order to Modernize Patriot Air & Missile Defense System

Raytheon (NYSE: RTN) has received a $235 million initial task order from the U.S. Army to modernize the Phased Array Tracking Radar Intercept on Target system.

The award represents the first of five annual orders the Army would issue annually as part of a potential five-year, $2.3 billion Patriot system-of-systems engineering support contract the Defense Department unveiled Tuesday,  Raytheon said Wednesday.

Tom Laliberty, vice president of Raytheon’s integrated air and missile defense business, said that 14 U.S. partner nations agreed to share Patriot cost upgrades as part of efforts to address sophisticated threats.

The company will develop threat search, detection, tracking, identification, engagement and interception methods, as well as training aids such as high fidelity virtual simulators.

Raytheon added it will update the air and missile defense system’s electronic countermeasures, combat identification capability, higher echelon systems interoperability functions.

The countries funding the PATRIOT modernization are:

  • Germany
  • Greece
  • Israel
  • Japan
  • Kuwait
  • Netherlands
  • Qatar
  • Romania
  • Saudi Arabia
  • South Korea
  • Spain
  • Taiwan
  • United Arab Emirates
  • U.S.

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