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Raytheon Gets $102M Army & FMS Contract for Patriot Missile Tech Modification Kits, Spares

Raytheon (NYSE: RTN) has received a $102.5M contract to provide Patriot missile component modification kits and initial spares for the U.S. Army and the Netherlands. The company will produce spares and kits for the system’s digital sidelobe canceller and peripheral electronics assembly box under the fixed-price-incentive contract, the Department of Defense said …

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McAleese & Associates: Raytheon Reports 25% Rise in Q3 2018 Bookings

A report by consulting firm McAleese & Associates says Raytheon (NYSE: RTN) posted $8.7B in bookings during the third quarter of 2018, reflecting a 25 percent increase from the same period last year. Raytheon associated the increase with the integrated defense systems sector’s $1.3B Patriot missile defense system order from Poland and $787M …

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Northrop Receives $289M Contract to Continue Development Work on IAMD Battle Command System

Northrop Grumman (NYSE: NOC) will extend its system development work on an air and missile defense platform for the U.S. Army under a $289M contract. The company said Monday the contract involves modernizing the engagement operations centers and integrated fire control network relays of the Integrated Air and Missile Defense Battle …

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Raytheon Lands $396M Romania Missile Fire Unit FMS Contract Modification

A Raytheon (NYSE: RTN) business unit has secured a $395.8 million modification under a U.S. Army foreign military sales contract to produce a missile fire unit for Romania. Raytheon’s integrated defense systems business will supply the Phased Array Tracking on Radar to Intercept Option Fire Unit to the FMS client, the Defense Department said Monday. The …

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Poland Inks Deal to Buy Raytheon Patriot Missile System From US Govt

Poland has signed an agreement to purchase the Raytheon-built Patriot integrated air-and-missile defense platform from the U.S. government. Pete Bata, vice president of Polish air and missile defense at Raytheon, said in a statement published Wednesday the letter of offer and acceptance will pave the way for the company to …

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Report: Poland Inks Offset Deals With Lockheed, Raytheon for Patriot Missile System

Poland has signed potential 10-year offset agreements with Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) related to the European country’s planned procurement of the Patriot missile system, The Times of Israel reported Friday. “The offset agreements for the Wisla program are signed… This is the final step before signing …

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State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

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