Raytheon Awarded $58 Million for Patriot Tactical Missile Upgrades
TEWKSBURY, Mass., Feb. 4, 2010 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has been awarded a $58.2 million contract for Patriot Guidance Enhanced Missile-Tactical, or GEM-T, missiles.
The U.S. Army Aviation and Missile Command (AAMCOM), Redstone Arsenal, Ala., issued the contract to upgrade 124 Patriot Advanced Capability-2 missiles to the configuration. This is a follow-on contract issued as part of AAMCOM's Patriot missile continuous technology refreshment program initiated in 2000.
"Patriot is combat proven and trusted by 12 nations around the globe, and the continuing upgrades speak to the critical role Patriot plays in those countries' air and missile defense capabilities," said Sanjay Kapoor, vice president for Patriot Programs at Raytheon Integrated Defense Systems (IDS).
The upgrades will improve performance against tactical ballistic and cruise missiles. In addition, select components will be replaced to extend the reliability and service life of the missiles.
Work under this contract will be performed at the Raytheon IDS Integrated Air Defense Center, Andover, Mass.
Raytheon IDS is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and 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
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