TEWKSBURY, Mass., May 25, 2018 /PRNewswire/ -- The U.S. Army has awarded Raytheon Company [NYSE: RTN] a $395.8 million contract for production of Romania's Patriot™ Air and Missile Defense System.
Announced by the Department of Defense on May 24, the contract calls for Raytheon to build Romania's first brand-new Patriot fire unit.
"We are using what we have learned in building 220 fire units and to meet Romania's Patriot fielding schedule," said Tom Laliberty, vice president of Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business.
Raytheon has already ordered thousands of critical long-lead items from hundreds of suppliers, and begun production of:
- Critical electronic components
- Machined parts
- Circuit card assemblies and cables
Patriot is the backbone of NATO and Europe's defense against ballistic and cruise missiles, advanced aircraft and drones.
NATO Nations with Patriot: The US, Germany, Greece, the Netherlands, and Spain currently have Patriot. On Nov. 29th, 2017, Romania signed a Letter of Offer and Acceptance for Patriot, making it the 6th NATO member state to procure Patriot. On March 28, Poland signed a Letter of Offer and Acceptance for Patriot, making it the 7th NATO state to procure Patriot.
European Interest in Patriot: A congressional notification regarding a potential Patriot sale to Sweden has been completed.
Raytheon's Patriot is a missile defense system consisting of radars, command-and-control technology and multiple types of interceptors, all working together to detect, identify and defeat tactical ballistic missiles, cruise missiles, drones, advanced aircraft and other threats. Patriot is the foundation of integrated air and missile defense for 15 nations.
Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 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, Mass. Follow us on Twitter.
Note to Editors
The 15 Patriot Nations are:
- United States of America
- The Netherlands
- Kingdom of Saudi Arabia
- Republic of Korea
- United Arab Emirates
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SOURCE Raytheon Company