Defense Industry News - Raytheon
Monday, December 19, 2011, 10:40 AM
|Raytheon Awarded $685.7 Million for New Missile Patriot Systems for Taiwan Army|
Raytheon Company (NYSE: RTN) has received a $685.7 million Foreign Military Sales (FMS) contract for additional new fire units of the combat-proven Patriot Air and Missile Defense System for Taiwan.
Taiwanese military truck loading Patriot 2 missile in Taipei (Archive image)
"Our partnership with Taiwan dates back more than 45 years, and we are committed to providing Taiwan with the best air and missile defense system capability available," said Sanjay Kapoor, vice president for Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business (IDS).
Patriot is the world's most capable air and missile defense system, protecting against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. It is the system of choice for 12 nations around the globe.
Raytheon is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and system integrator for Patriot Advanced Capability-3 missiles.Taiwanese armed forces are currently equipped with three batteries of PAC-2 patriot missile system with 200 missiles, which will be upgraded soon to PAC-3 level.