Raytheon WIns $27 Million Taiwan Contract
September 2, 2009 (FinancialWire) — Raytheon Co. (NYSE: RTN) has been awarded $26.9 million for technical assistance in support of Taiwan’s Patriot air and missile defense system.
This award comes via the U.S. Army, and is a modification to a technical assistance contract awarded in 2008.
Under the award, Raytheon will provide field engineers to refurbish Taiwan’s Patriot equipment and will extend the services of current advisors assisting with training, operational planning and sustainment of Patriot systems.
Raytheon is the prime contractor for both domestic and international Patriot air and missile defense systems.
Waltham, Massachusetts-based Raytheon specializes in defense, homeland security and other government markets. The company employs 73,000 people worldwide.
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