RTXs Raytheon awarded $1.2 billion contract

Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.2 billion contract to supply Germany with additional Patriot® air and missile defence systems

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These systems will augment Germany's existing air defence infrastructure with additional Patriot major end items. The scope of the contract includes the most current Patriot Configuration 3+ radars, launchers, command and control stations, associated spares, and support.

"Patriot remains the tried-and-true stalwart of air and missile defence, relied upon by our global customers to deter aggression and defend their interests," said Tom Laliberty, president of Land and Air Defense Systems at Raytheon. "With each additional Patriot system, Germany is enhancing its own air defences and strengthening NATO's defence posture."

Patriot is the only combat-proven ground-based air and missile defence capability available in the world to defeat advanced long-range cruise missiles, tactical ballistic missiles, and the full spectrum of air-breathing threats. Patriot is the foundation of air defence for 19 countries, including Germany, the U.S. and Ukraine, and it continues to demonstrate its effectiveness against the most advanced and complex threats.