Tag Archives: patriot

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 …

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Raytheon Lands $225M Patriot Missile Defense Contract; Ralph Acaba Comments

Raytheon (NYSE: RTN) has secured a $225 million contract to provide an additional Patriot missile defense system to an international customer through a direct commercial sale. The client is a member of a 13-nation group that invests in the Patriot weapon system and awarded the contract more than a month after Poland ordered the same technology from …

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Reuters: Japan Eyes $1B Ballistic Missile Defense Investment in Response to North Korea’s Rocket Tests

Japan looks to accelerate a $1 billion investment toward its ballistic missile defense systems in response to North Korea’s rocket tests that government personnel believe may lead to the future fielding of a medium-range missile, Reuters reported Monday. Nobuhiro Kubo and Tim Kelly write outlays on a budget request for the year include …

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Poland to Acquire Raytheon’s Patriot Integrated Air & Missile Defense System

Poland has issued a formal request to the U.S. government to acquire Raytheon‘s (NYSE: RTN) Patriot integrated air and missile defense system for an undisclosed amount. Raytheon said Tuesday it will collaborate with Poland’s government and industry to help complete offset and industrial participation plans as part of the foreign military sales process. “Poland’s formal request …

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FMS Program Head Joe Rixey to Headline Global Weapons Trade Discussion Forum for Potomac Officers Club

The top uniformed officer over the U.S. government’s foreign military sales program will keynote an Aug. 3 breakfast forum hosted by Executive Mosaic’s Potomac Officers Club in Falls Church, Virginia to discuss the global arms trade’s current environment and the role of domestic industry in efforts to help defense agencies support …

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Reuters: Poland Nears Completion of Potential $5B Raytheon Missile Defense System Contract

Poland has made progress in its work to complete a potential $5 billion contract with Raytheon (NYSE: RTN) for the company’s air and missile defense system, Reuters reported Monday. Marcin Goettig writes the acquisition of the Patriot missile systems will support Warsaw’s large-scale army modernization program. “Raytheon has agreed to our minimal condition …

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Raytheon to Update Kuwait’s Patriot System Fire Units Under $523M FMS Contract

Raytheon (NYSE: RTN) has acquired a $523 million foreign military sales contract from the U.S. Army to modernize six Patriot air and missile defense fire units for Kuwait. Services will be conducted in sites across Alabama, Massachusetts and California as well as in Norway, Italy, Greece, Canada and the U.K., the Defense Department said …

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Raytheon Posts 9% Sales Jump in 1Q on Missile Sales, Lifts Full-Year Earnings Outlook Despite 1Q Profit Decline

Raytheon (NYSE: RTN) — listed both in Executive Mosaic’s GovCon Index and the S&P 500 — has reported higher sales for its first quarter on global demand for its weapons and lifted its full-year earnings guidance despite a year-over-year profit decline. The Waltham, Mass.-based missile maker said first quarter revenue increased 8.88 percent from the …

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Raytheon Lands $213M Army Patriot Engineering Contract Modification

Raytheon (NYSE: RTN) has received a $212.7 million contract modification to provide engineering services for the U.S. Army’s Patriot program. The company will also provide Patriot support to foreign military sales clients such as Germany, Greece, Israel, Japan, Kuwait, Qatar, Saudi Arabia, Spain, South Korea, Taiwan, the Netherlands and the United …

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Lockheed Lands $93M Army Contract Modification for Patriot Obsolescence Redesign

Lockheed Martin (NYSE: LMT) has received a $92.7 million contract modification to redesign the Patriot multi-band radio frequency data link for Qatar under a foreign military sales agreement. The company will perform work in Texas, Arkansas and Arizona through Jan. 30, 2020, the Defense Department said Thursday. The U.S. Army awarded …

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