ANDOVER, Mass., Aug. 13, 2019 /PRNewswire/ -- The Kingdom of Bahrain signed an agreement to purchase Raytheon's (NYSE: RTN) combat-proven Patriot™ air and missile defense system from the U.S. Army. This letter of offer and acceptance allows the U.S. government to begin contract negotiations with Raytheon for production of an undisclosed quantity of systems and missiles.
"Raytheon's Patriot Integrated Air and Missile Defense System will ensure the Kingdom of Bahrain is well equipped to defend against ballistic missiles, cruise missiles, and manned and unmanned aircraft," said Ralph Acaba, president of Raytheon Integrated Defense Systems. "Patriot is continually modernized, enhanced and upgraded, through this 17-nation community, to ensure it outpaces the evolving threats for years to come."
The 17 Patriot Nations are:
- United States of America
- The Netherlands
- Kingdom of Saudi Arabia
- Republic of Korea
- United Arab Emirates
- Kingdom of Bahrain
Raytheon Company, with 2018 sales of $27 billion and 67,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I® products and services, sensing, effects and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.
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SOURCE Raytheon Company