Tag Archives: patriot

Lockheed to Build 14 Patriot Missile Kits for $263M

Lockheed Martin (NYSE: LMT) has been awarded a $263, 410, 000 contract by the U.S. Army to build 14 Patriot missiles and seven launcher modifications kits. Kuwait is buying the four-pack missiles and kits through June 30, 2016 and the Army is obligating $23, 808, 000 in fiscal year 2014 other …

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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, Lockheed Look to Revise Turkey Missile Defense Offer

Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) could pitch a new bid to construct a missile defense system for Turkey and have begun internal discussions with the U.S. government on their proposal, Reuters reported Tuesday. Andrea Shalal-Esa writes the talks started after Ankara indicated it could withdraw from its …

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Raytheon to Update Army Patriot Defense System; Ralph Acaba Comments

Raytheon (NYSE: RTN) has won $71.7 million in contracts to add a radar digital processor and man station into the U.S. Army‘s Patriot Air and Missile Defense System. The company will use a software update released in June for the work and aims to help warfighters gain situational awareness in …

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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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Raytheon Wins $116M for Patriot Missile Engineering Services; Sanjay Kapoor Comments

Raytheon (NYSE: RTN) has won a $115.9 million contract to provide engineering services related to its Patriot air and missile defense system to the U.S. Army and foreign military sales customers. The company will provide the Patriot with country-specific systems requirements, software development, testing and logistics support and systems analysis, Raytheon …

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Raytheon Wins $115M For Patriot Engineering

Raytheon (NYSE: RTN) has won a $115, 959, 356 contract modification to provide the U.S. Army engineering services to support a foreign military sales agreement. The company’s integrated defense systems business will support the sale of a Patriot system under the firm-fixed-price level-of-effort award, the Defense Department said Friday. Work …

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Raytheon Wins $67M Patriot Spares Foreign Sale

Raytheon Co. (NYSE: RTN) has won a $67, 529, 500 U.S. Army contract to provide missile system spares for a foreign military sale, the Defense Department announced Monday. The United Arab Emirates will receive the Patriot missile system parts by Sept. 30, 2012, according to Pentagon estimates. The company’s integrated …

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