Raytheon Company (RTN), a technology provider for defense, security and civil markets, Tuesday said it received a $115.9 million contract during the first quarter, to provide engineering services for the Patriot Air and Missile Defense System. Pursuant to the contract issued by U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., Raytheon will provide systems analysis, software development, testing and logistics support, and other country-specific system requirements.
In a separate statement, Raytheon said that a U.S. Middle East security partner moved one step closer to gaining an enhanced ballistic missile defense capability when it completed the redesign of eight circuit card assemblies for a Foreign Military Sales (FMS) AN/TPY-2 radar. The new cards will be inserted into all new AN/TPY-2 radars Raytheon produces, and it is comprised of advanced capabilities within the original components absent when Raytheon delivered the first AN/TPY-2 in 2004.
Further, Raytheon delivered the first Standard Missile-3 to the U.S. Navy from its new integration and testing facility in Huntsville, Ala., on May 23. The SM-3 missile is designed to destroy incoming short-, medium-, and intermediate-range ballistic missile threats by colliding with them in space, a concept sometimes described as hitting a bullet with a bullet, the company said in a statement.
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