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Tag Archives: patriot

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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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 …

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Raytheon Lands $2.3B Army Contract for Patriot System-of-Systems Engineering Services

Raytheon (NYSE: RTN) has received a potential five-year, $2.30 billion contract from the U.S. Army to provide system-of-systems engineering support for Phased Array Tracking Radar Intercept on Target weapons. The Defense Department said Tuesday Raytheon will support Patriot-related software and refresh systems deployed outside the continental U.S. and partner countries. Patriot is a missile defense system composed of …

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State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to …

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Lockheed Gets $944M Contract to Supply Updated Patriot Interceptors to Army, Int’l Clients

Lockheed Martin (NYSE: LMT) has received a $944 million contract to produce and deliver updated Patiot missile defense systems to the U.S. Army, Romania and other foreign military sales clients. The company said Thursday it will supply Patriot Advanced Capability-3 missiles and PAC-3 Missile Segment Enhancement interceptors along with launcher …

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