TUCSON, Ariz. - Raytheon Technologies Corporation (NYSE: NYSE:RTX) has secured a contract worth $1.2 billion to supply Germany with additional Patriot air and missile defense systems, the company announced today.
This contract will bolster Germany's existing air defense capabilities by providing the latest Patriot Configuration 3+ systems, including radars, launchers, and command and control stations, along with necessary spares and support.
The Patriot systems are a critical component of air defense for 19 nations worldwide, including the United States and Ukraine. The system is renowned for its combat-proven performance against a wide array of threats, including advanced long-range cruise missiles, tactical ballistic missiles, and various airborne threats.
Tom Laliberty, president of Land and Air Defense Systems at Raytheon (NYSE:RTN), stated that the contract underscores the global priority placed on advanced air and missile defense capabilities and the continued trust in the Patriot system. He highlighted that the addition of these systems will not only upgrade Germany's air defense but also improve interoperability with allied forces and bolster a key NATO mission.
Raytheon, a business segment of RTX, is a prominent defense solutions provider that supports the U.S. government, allies, and partners in maintaining national sovereignty and security. The company has a century-long history of innovation in areas such as integrated air and missile defense, smart weapons, advanced sensors, and cybersecurity.
RTX, with a workforce of over 185,000 employees globally, operates at the forefront of technology and science, driving advancements in aviation, defense systems, and next-generation technologies to assist customers in overcoming their most pressing challenges. The company, which reported sales of $69 billion in 2023, is based in Arlington, Virginia.
This contract award for Raytheon is part of the ongoing efforts to enhance defense infrastructures amid rising security challenges worldwide. The information reported is based on a press release statement.
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