Raytheon Gets $150M Qatar Patriot Depot Staffing, Training Contract

Raytheon (NYSE: RTN) has received a $150.4 million contract from the U.S. Army to provide staffing and training services for the Qatar air force’s Patriot Missile System depot.

The Army Contracting Command solicited one bid for the foreign military sales contract and obligated the full contract amount from fiscal 2018 FMS funds at the time of award, the Defense Department said Thursday.

The award comes three months after Raytheon secured a five-year, $150.2 million contract to help Qatar’s air force deploy, install and sustain Patriot weapon systems and related equipment.

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