FX.co ★ Raytheon Secures $1.2 Bln Contract To Provide Patriot Defense Systems To Germany

On Thursday, RTX Corp. (RTX) revealed that its subsidiary, Raytheon, has secured a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems.

The contract includes the newest Patriot Configuration 3+ radars, launchers, command and control stations, related spare parts, and support services.

Tom Laliberty, president of Land and Air Defense Systems at Raytheon, stated, "With each additional Patriot system, Germany is bolstering its air defense capabilities and reinforcing NATO’s overall defense posture."