Home / Tag Archives: patriot

Tag Archives: patriot

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 …

Read More »

State Dept Clears Potential $4B Patriot Missile Sale to Romania

The State Department has approved Romania’s request to procure Patriot air defense systems, support and equipment under a potential $3.9 billion foreign military sales deal. Romania requested seven Patriot Configuration-3+ modernized fire units comprised of seven AN/MPQ-65 radar sets, seven AN/MSQ-132 engagement control stations, 13 antenna mast groups, 28 M903 launching stations, 56 …

Read More »

US, Poland Sign Memorandum for Potential Sale of Raytheon-Built Patriot System

TYSONS CORNER, VA, July 7, 2017 — The governments of Poland and the U.S. have inked a memorandum that would enable the former to procure Raytheon-built (NYSE: RTN) Patriot missile defense systems, ExecutiveBiz reported Thursday. Reuters reported Thursday Poland’s Defense Minister Antoni Macierewicz unveiled the agreement ahead of U.S. President Donald Trump’s visit …

Read More »

Raytheon to Use Unisys Tech in Patriot Weapon System Performance Push

TYSONS CORNER, VA, May 9, 2017 — Raytheon (NYSE: RTN) will utilize Unisys‘ (NYSE: UIS) ClearPath Forward enterprise computing technology in efforts to build on the performance of the Patriot air and missile defense system, ExecutiveBiz reported Monday. Unisys said Monday Raytheon selected the updated platform to help develop software that will work to …

Read More »

Raytheon Execs Tom Vecchiolla, Caroline Cooper Talk Business Opportunities in Romania

TYSONS CORNER, VA, May 2, 2017 — Raytheon (NYSE: RTN) is looking into potential long-term business opportunities in Romania beyond the possible sale of company-built missiles for the country’s Deveselu ballistic missile defense platform, ExecutiveBiz reported Monday. ACTMedia reported Friday that Tom Vecchiolla, president of Raytheon International, revealed the plan to Mihai Tudose, Romania’s …

Read More »

Raytheon Awarded $87M to Help UAE Field, Operate Patriot Air Defense System

The U.S. Army has awarded Raytheon (NYSE: RTN) an $87.3 million modification under a foreign military sales contract to advise and assist the United Arab Emirates on the deployment and operation of the company-built Patriot air defense system. Raytheon will also provide advisory and assistance services for planning, training,  maintenance and sustainment efforts related to UAE’s Patriot …

Read More »

Poland Eyes Potential $7B Deal for Raytheon’s Patriot Missile Defense Batteries by November

TYSONS CORNER, VA, April 4, 2017 — Poland’s government is working to finalize its plan to purchase eight Raytheon-built (NYSE: RTN) Patriot air and missile defense system batteries under a potential $7.5 billion deal by November, ExecutiveBiz reported Monday. Defense News reported Friday the country is set to submit an updated letter of …

Read More »

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 …

Read More »

December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

Read More »

Raytheon Secures $600M Intl Patriot Missile Defense System Upgrade Contract

Raytheon (NYSE: RTN) has received a contract worth approximately $600 million to update the Patriot integrated air and missile defense system of an unidentified country. The company said Thursday the direct commercial sales contract covers Configuration 3+ Post Deployment Build 8 software and hardware suite. Altogether, the 13 countries that own and operate Patriot …

Read More »