STOCKHOLM, Aug. 10, 2018 /PRNewswire/ -- The government of Sweden signed an agreement to purchase Raytheon's (NYSE: RTN) Patriot™ air and missile defense system from the U.S. Army. The agreement, formally referred to as a Letter of Offer and Acceptance, paves the way for Sweden's Patriot force to rapidly reach Initial Operational Capability.
"Sweden and 15 other countries trust our Patriot system to defend its citizens, military and sovereignty because Patriot has a proven track record of defeating ballistic missiles and a host of other aerial threats," said Wes Kremer, President of Raytheon Integrated Defense Systems. "Patriot in Sweden will enhance Northern European security and further strengthen the Trans-Atlantic partnership by providing a common approach to Integrated Air and Missile Defense."
Patriot is the backbone of Europe's defense against ballistic and cruise missiles, advanced aircraft and drones.
European Nations with Patriot: Germany, Greece, the Netherlands, and Spain currently have Patriot. Within the past 12 months Romania and Poland signed Letters of Acceptance for Patriot, becoming the 5th and 6th European nations to procure Raytheon's Patriot system.
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 16 Patriot Nations are:
- United States of America
- The Netherlands
- Kingdom of Saudi Arabia
- Republic of Korea
- United Arab Emirates
View original content with multimedia:http://www.prnewswire.com/news-releases/sweden-signs-agreement-with-us-government-for-patriot-air-and-missile-defense-system-300695335.html
SOURCE Raytheon Company