Raytheon to upgrade Patriot missiles in $51 million contract

TEWKSBURY, Mass., Jan. 16, 2012. Raytheon Company (NYSE: RTN) has been awarded a $51.3 million contract to upgrade Patriot Advanced Capability-2 missiles to the Guidance Enhanced Missile-Tactical (GEM-T) configuration. The U.S. Army Aviation and Missile Command (AMCOM), Redstone Arsenal, Ala., issued the contract as a follow-on to AMCOM's Patriot missile continuous technology refreshment program initiated in 2000.

The Patriot GEM-T missile upgrades include the replacement of select components that increase reliability and extend the service life of the missile. GEM-T upgrades are ongoing under existing contracts with the U.S. and other Patriot partner nations, and are performed at Raytheon's Integrated Air Defense Center in Andover, Mass.

Patriot is the world's most capable air and missile defense system, protecting against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. It is the system of choice for 12 nations around the globe.

Raytheon is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and system integrator for Patriot Advanced Capability-3 missiles.