Raytheon contract for Sweden’s Patriot

Raytheon has received a $692.9 million US Army contract to produce Sweden’s Patriot Integrated Air and Missile Defense System including spare parts, support and training. Previously announced by the Department of Defense, Raytheon will build and deliver an undisclosed quantity of Patriot fire units and GEM-T interceptor missiles. Raytheon’s Patriot is a missile defense system consisting of radars, command-and-control technology and multiple types of interceptors, all working together to detect, identify and defeat tactical ballistic missiles, cruise missiles, drones, advanced aircraft and other threats.