June 3, 2009
TEWKSBURY, Mass., -- Raytheon Company (NYSE: RTN) has been awarded $14.7 million for depot-level maintenance for U.S. Army Patriot Air and Missile Defense Systems.
The U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., provided the additional funding under a contract previously awarded to Raytheon in June 2006. This is the fourth option bringing the value of the sole-source contract to $51.9 million.
"This contract provides for third-echelon maintenance performed by Raytheon field engineers at locations in the United States and overseas - wherever U.S. Army Patriot systems are deployed," said Joseph "Skip" Garrett, vice president and deputy for Patriot Programs at Raytheon Integrated Defense Systems (IDS). "These services are necessary to ensure the high reliability and readiness that the Army requires."
Services under this contract include diagnostics, maintenance, repairs, modifications and technical assistance at a level higher than Patriot units are able to perform.
Raytheon IDS is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and systems integrator for Patriot Advanced Capability-3 missiles.
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Contract $20m, Contract Win, Patriot, Raytheon (NYSE:RTN)
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