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4-Traders Homepage  >  Equities  >  Nyse  >  Raytheon Company    RTN

Delayed Quote. Delayed  - 06/27 10:02:36 pm
134.8 USD   -0.70%
06/27 RAYTHEON COMPAN : - The State of Kuwait upgrades its air and missile..
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Raytheon Company : - The State of Kuwait upgrades its air and missile defense

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06/27/2016 | 02:54pm CEST

Release date- 24062016 - ANDOVER, Mass. - The State of Kuwait will soon be able to better protect its cities and key infrastructure against ballistic missiles, aircraft and other airborne threats.

The U.S. Army awarded Raytheon Company (NYSE: RTN) a $523 million undefinitized contract action to upgrade the State of Kuwait's Patriot Air and Missile Defense Systems to the most modern configuration currently fielded.

The contract was announced by the Department of Defense on June 23.

'Kuwait and other members of the 13-nation strong Patriot Partnership continue to invest in the system and trust Patriot to defend their citizens and militaries,' said Ralph Acaba, Raytheon vice president of Integrated Air and Missile Defense. 'Patriot is the only system in the world that is combat-proven and designed to outpace the future threat through continuous evolution.'

The Kuwaiti upgrades, known as Configuration 3+, are an example of the evolutionary approach used to upgrade Patriot. The Kuwaiti Configuration 3+ Patriots will have enhanced capability against a variety of threats, an improved Identification Friend or Foe capability and improved radar search.

Kuwait was able to leverage the developmental work of the US and other Patriot international partners and receive the benefits of previous investments in the Patriot system. This is one of the many advantages of being a member of the 13-nation strong Patriot Partnership.

About Global Patriot Solutions

Raytheon's Global Patriot Solutions is the most advanced portfolio of air and missile defense technologies in the world, providing comprehensive protection against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. Patriot is continually upgraded and enhanced to leverage the latest technology. Thirteen nations depend on Patriot as the foundation for their defense.

About Raytheon

Raytheon Company, with 2015 sales of $23 billion and 61,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 94 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5ITM products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter @Raytheon.

This document does not contain technology or technical data controlled under either the U.S. International Traffic in Arms Regulations or the U.S. Export Administration.

Media Contact:

Mike Nachshen

Tel: +1.520.269.5697

(c) 2016 Electronic News Publishing -, source ENP Newswire

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