Raytheon awarded not-to-exceed $3.3 billion Patriot order for the UAE
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TEWKSBURY, Mass., (Dec. 18, 2008) /PRNewswire/ — Raytheon Company (NYSE: RTN) has been awarded a not-to-exceed $3.3 billion order to provide advanced Patriot air and missile defense capability, whole life support and training for the United Arab Emirates (UAE).
Raytheon and teammate Lockheed Martin have worked with the U.S. and UAE governments during the past year to develop this agreement. The U.S. government approved the Foreign Military Sale (FMS) of Patriot Config-3 capabilities including Patriot GEM-T and Lockheed PAC-3 missiles. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., issued an order to Raytheon Integrated Defense Systems (IDS) Dec. 17, 2008.
Raytheon and teammate Lockheed Martin have worked with the U.S. and UAE governments during the past year to develop this agreement. The U.S. government approved the Foreign Military Sale (FMS) of Patriot Config-3 capabilities including Patriot GEM-T and Lockheed PAC-3 missiles. The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., issued an order to Raytheon Integrated Defense Systems (IDS) Dec. 17, 2008.
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