Raytheon Receives $115 M for Patriot Engineering Support

(Tewksbury, Mass., March 5, 2008) -- Raytheon Company (NYSE: RTN) has been awarded a U.S. Army contract modification worth $115 million to provide engineering services in support of the Patriot Air and Missile Defense program, the premier air and missile defense system for the U.S. and its allies.

"This award is just another indication of the resurgence of Patriot as the reliable and flexible cornerstone of the U.S. Army's integrated air defense system," said Pete Franklin, vice president, National & Theater Security Programs for Raytheon Integrated Air Defense Systems. "As prime contractor for the Patriot system, we are committed to ensuring that this critical capability is available for the protection of our nation's allies as well. These upgrades are a testament to the continuing operational flexibility of this combat- proven system."

Source : Raytheon

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