|Raytheon Awarded $145 Million for Patriot GEM-T Missiles for State of Kuwait|
TEWKSBURY, Mass., Jan. 24, 2011 /PRNewswire via COMTEX/ -- Raytheon Company (NYSE: RTN) has received a $145 million Foreign Military Sales production contract for Patriot Guidance Enhanced Missiles - Tactical (GEM-T) to augment Kuwait's air and missile defense.
The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., issued the contract to complement Kuwait's Configuration-3 radar system upgrade work already underway at Raytheon.
"This new GEM-T missile production contract highlights the efforts by Kuwait Air Defense to maintain readiness and effectiveness of the Patriot Air and Missile System to counter evolving regional threats," said Sanjay Kapoor, vice president of Patriot Programs at Raytheon Integrated Defense Systems (IDS). "We continue to modernize the Patriot system and are committed to providing Kuwait and our 11 other partner nations globally with increased system reliability and reduced life-cycle costs."
Work under this contract will be performed by Raytheon IDS at the Integrated Air Defense Center in Andover, Mass.
Raytheon IDS is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and is the system integrator for Patriot Advanced Capability-3 missiles.
Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.
SOURCE Raytheon Company