FX.co ★ RTX's Raytheon Secures $1.2 Bln Contract To Supply Patriot Defense Systems To Germany

On Thursday, it was announced that RTX Corp's subsidiary, Raytheon, has secured a $1.2 billion contract to supply Germany with Patriot air and missile defense systems.

The Patriot system is universally acknowledged for its capacity to counteract complex long-range cruise missiles, tactical ballistic missiles, and assorted air threats.

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