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State Department OKs $1.2B Patriot MIM-104E GEM-T Ballistic Missile Sale to Netherlands

The State Department has approved the Dutch government’s request to buy from the U.S. government Patriot MIM-104E Guidance Enhanced Missile-Tactical ballistic missiles through a potential $1.22 billion foreign military sales agreement.

Raytheon Technologies (NYSE: RTX) will serve as the prime contractor in the proposed transaction that covers tools and test equipment, spare and repair parts, range and test programs, training equipment, associated publications and technical documentation, the Defense Security Cooperation Agency said Thursday.

The Netherlands also requested U.S. government and contractor technical assistance, engineering, systems integration and checkout, International Engineering Services Program Field Surveillance Program, field office support, logistics and program support services.

The proposed FMS deal will enable the European country to meet existing and future threats, improve the defensive capabilities of its military and enhance interoperability with U.S. and NATO forces.

DSCA said it notified Congress of the potential transaction Thursday.

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