The Patriot missile system. Credit: Zack Frank via Shutterstock.

Raytheon Missiles and Defense have been awarded a $14.4m order against a ten-year contract for Patriot missile parts.

Featuring no option periods, the three-year agreement will be serviced by the US Army and is expected to be completed by 17 February 2026.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Raytheon Missiles and Defense, a subsidiary of Raytheon Technologies, was awarded the contract by the Defense Logistics Agency Aviation, based at Redstone Arsenal, Alabama, US.

The Patriot missile is a surface-to-air system designed to intercept and destroy incoming enemy missiles and aircraft. It is one of the world’s most widely used missile defence systems, with more than ten countries currently using it.

Within the continent of Europe, countries such as Romania, Netherlands, and Switzerland have procured the surface-to-air Patriot missiles from the US. Traditional export allies such as Taiwan and Saudi Arabia have also procured the missile from the US.

See Also:

Raytheon Missiles and Defense have been a significant supplier of the Patriot system for decades, and this contract further cements its position as a leading provider of missile defence solutions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The contract will enable the company to continue providing critical support to the US Army’s missile defence capabilities. The company has a proven track record of delivering products and services and is committed to meeting the army’s requirements for the Patriot missile system.

In Q4 2022, Raytheon reported a 4% net sales increase last year. In 2023, the company expects sales to be between $72bn and $73bn, with an anticipated free cash flow of nearly $4.8bn.