Raytheon wins U.S. Army contract for new Patriot radars
Tweet
Share
E-mail(Reuters) - Weapons maker Raytheon Co has been selected to provide the U.S. Army with a new radar for its Patriot air and missile defense system, the company said on Thursday.
The radar, known as Lower Tier Air and Missile Defense Sensor (LTAMDS), will replace the current Patriot radars, also made by Raytheon.
Raytheon said it would receive more than $384 million in proceeds from the army to deliver six production representative units of the LTAMDS.
(Reporting by Dominic Roshan K.L. in Bengaluru)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham names top SaaS picks amid Meta Enterprise Platform concerns
- Iran says it’s received official U.S. response to latest peace proposal - AP
- U.S. core PCE rises 0.2% month-on-month in August, cooler than expected
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
