Raytheon Receives $60 Million Saudi Arabia Award to Provide Patriot, Hawk Support
TEWKSBURY, Mass., Feb. 8, 2006 /PRNewswire-FirstCall/ -- Raytheon Company (NYSE: RTN) has been awarded a $60 million one-year extension to a direct sale contract from the Kingdom of Saudi Arabia to provide technical, training and logistics support for the Kingdom's Patriot and Hawk air defense systems.
"Raytheon has built a strong relationship with the Kingdom of Saudi Arabia over the past 40 years and is committed to providing services and equipment of the highest standards to the Royal Saudi Air Defense Forces," said Otis Hopkins, director of operations of Saudi Arabian Programs for Raytheon Integrated Defense Systems.
Patriot is a combat-proven air and missile defense system capable of simultaneously engaging and destroying aircraft, cruise missiles, unmanned aerial vehicles and tactical ballistic missiles. The Hawk system provides robust, low-to-medium altitude air defense against air breathing threats and, when integrated with Patriot, lower-tier defense against tactical ballistic missiles.
Based in Tewksbury, Mass., Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration. With a strong international and domestic customer base, including the U.S. Missile Defense Agency and the U.S. armed forces, Integrated Defense Systems provides a wide spectrum of integrated air and missile defense and naval and maritime warfighting solutions.
Raytheon Company, with 2005 sales of $21.9 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
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