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Tag Archives: air and missile defense system

Sweden Plans $1B Raytheon Missile Defense System Procurement

Sweden plans to begin formal negotiations with the U.S. government to procure a Raytheon-built (NYSE: RTN) missile defense system for an estimated $1.2 billion, Reuters reported Wednesday. The Swedish defense materiel administration on Tuesday received government approval to send a letter of request on the Patriot weapon procurement to the U.S. Patriot consists …

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Raytheon Awarded $163M Contract for Qatar Patriot Missile Defense Training Services

The U.S. Army has awarded Raytheon (NYSE: RTN) a potential three-year, $163.3 million contract to provide training services related to the Patriot air and missile defense system to Qatar through a foreign military sales agreement. The firm-fixed-price contract covers pre-Patriot military occupational training, Patriot training classes and English language training support for …

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Wesley Kremer Named Raytheon’s Integrated Defense Systems President; Thomas Kennedy Comments

Wesley D. Kremer, formerly vice president of the air and missile defense systems portfolio at Raytheon (NYSE: RTN) Missile Systems, has been appointed to succeed Daniel J. Crowley as president of the firm’s integrated defense systems business. The company said Thursday Crowley will focus on the completion of an assignment …

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Raytheon to Update Patriot Under $212M, 13-Country Deal; Ralph Acaba Comments

Raytheon (NYSE: RTN) will continue to update the Patriot Air and Missile Defense System under a $212 million shared engineering services agreement between the U.S. and 12 partner nations awarded via the U.S. Army. The company said Thursday the Army Aviation and Missile Command awarded the contract for systems analysis, software development, testing and …

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Raytheon Nears Agreement on Qatar Missile Sale; Tim Glaeser Comments

Raytheon (NYSE: RTN) is on the verge of closing a U.S. foreign military sales agreement with Qatar for the Patriot air and missile defense system, Reuters reported Tuesday. Andrea Shalal-Esa writes the company also expects to finalize an order agreement with Kuwait for additional Patriot fire units before year’s end. …

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Raytheon Forecasts Increased Int’l Patriot System Demand; William Swanson Comments

Raytheon officials expect the company to receive new orders and system upgrade contracts for the Patriot air and missile defense system during the second half of 2013, Reuters reported Sunday. Andrea Shalal-Esa writes the company has invested more than $400 million over the last four years in a Patriot modernization …

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