SEOUL, South Korea,
March 30, 2015 /PRNewswire/
-- Cities and key infrastructure in the Republic of Korea will
soon be better protected against ballistic missiles, aircraft, and
other airborne threats. The Republic of Korea awarded
Raytheon Company (NYSE: RTN) a $769.4
million Direct Commercial Sale contract to upgrade an
undisclosed quantity of Patriot Air and Missile Defense System
batteries to the latest Patriot Missile Defense System Solution
configuration currently fielded.
"The upgrade enhances the Republic of Korea's defenses and
underscores the value of the 13-nation strong Patriot partnership
which funded development of the modernization," said Dan Crowley, President of Raytheon Integrated
Defense Systems. "The Republic of Korea's procurement is also
an economic growth engine which will bring good jobs to Korea and
preserve jobs in the U.S which would have gone overseas if a
foreign system was selected."
The upgrades include:
- Open architecture, which ensures Patriot can operate on a
variety of networks
- Modern Man Station, a new
operator interface featuring touch screen technology and color
graphical displays
- Radar Digital Processor, which improves target detection and
identification, enhances surveillance, and supports the PAC-3 MSE
missile.
In late 2014, the Republic of Korea awarded Raytheon a Direct
Commercial Sales contract for $160M
to upgrade its missiles to the GEM-T configuration. This award was
announced in Raytheon's 2014 fourth quarter earnings call.
About Patriot
Patriot is the world's most modern and capable air and missile
defense system, providing protection against a full range of
advanced threats, including aircraft, tactical ballistic missiles,
cruise missiles and unmanned aerial vehicles. Continually upgraded
and enhanced to reflect the latest technology, Patriot is the
system of choice for 13 nations around the globe.
Raytheon is the provider of Patriot Air and Missile Defense
Systems, both domestically and internationally, and system
integrator for PAC-3 missiles.
About Raytheon
Raytheon Company, with 2014 sales of $23 billion and
61,000 employees worldwide, is a technology and innovation leader
specializing in defense, security and civil markets throughout the
world. With a history of innovation spanning 93 years, Raytheon
provides state-of-the-art electronics, mission systems integration
and other capabilities in the areas of sensing; effects; and
command, control, communications and intelligence systems, as well
as cyber security and a broad range of mission support services.
Raytheon is headquartered in Waltham, Mass Raytheon is
headquartered in Waltham, Mass. For more about Raytheon,
visit us at: www.raytheon.com and follow us on
Twitter @Raytheon
Raytheon Company
Integrated Defense Systems
Tewksbury, Mass.
Media Contact
Mike
Nachshen
+1.520.269.5697
idspr@raytheon.com
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SOURCE Raytheon Company