Raytheon Awarded $79 M To Upgrade Taiwan's Patriot Capabilities

(Tewksbury, Mass., April 23, 2008) -- Raytheon Company (NYSE: RTN) has received a $79 million Foreign Military Sales award from the U.S. Army to provide Taiwan with Patriot Configuration-3 radar upgrade kits and related engineering and technical services.

The award for Taiwan Patriot upgrade kits follows recent company announcements of contracts totaling $279 million to provide South Korea command and control, communications, and maintenance support and training equipment for its Patriot air and missile defense system. Additionally, Raytheon announced Patriot contract awards of $377 and $115 million in February and March, respectively. These awards included engineering services, missile upgrades and support for the U.S. Army's "Pure Fleet" initiative.

"There is a growing demand, both domestically and internationally, for Raytheon's combat-proven Patriot system," said Sanjay Kapoor, vice president of Patriot Programs for Raytheon Integrated Defense Systems. "These awards for Taiwan are additional indications of the continued expansion of Patriot as the cornerstone of the U.S. and its international partners' integrated air and missile defense systems.

"Working with the U.S. Army, we are providing Taiwan this increased capability. These upgrades are a testament to the continuing growth and operational flexibility of this premier system."

Source : Raytheon

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