Raytheon Awarded $34.4 M to Continue Patriot 'Pure Fleet' Upgrades

(Tewksbury, Mass., August 14, 2008) -- Raytheon Company (NYSE: RTN) has received a $34.4 million U.S. Army contract continuing Patriot "Pure Fleet" modernization.

The U.S. Army Aviation and Missile Command contract for additional upgrades is part of a $310 million "Pure Fleet" contract awarded to Raytheon in December 2007. It enables the continuation of upgrading Army Patriot equipment to state-of-the-art Patriot Configuration 3 status.

"Upgrading Patriot fire units from Configuration 2 to Configuration 3 enhances the system's capabilities to meet current and emerging threats," said Sanjay Kapoor, vice president of Patriot Programs at Raytheon Integrated Defense Systems.

"As the prime contractor for the Patriot system, Raytheon is committed to ensuring our Patriot systems continue to provide superior, affordable and reliable air and missile defense capability to meet the Army's mission," Kapoor said. "The U.S. Army's upgrade to Configuration 3 is leading the way as many of our international Patriot partners around the globe are similarly upgrading the Patriot system as a key component in their air and missile defenses."

Source : Raytheon

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