Raytheon Secures $529 Mln Deal To Supply Patriot Air, Missile Defense System To The Netherlands

(RTTNews) - Raytheon, an RTX (RTX) business, Thursday announced, that it has been awarded a $529 million contract to supply the Netherlands with a Patriot air and missile defense system fire unit and associated equipment.

The deal supports the replenishment of a fire unit previously donated by the Netherlands to Ukraine, the company added.

The contract, structured as a direct commercial sale, includes a single fire unit equipped with a radar, launchers, command and control stations, and additional support equipment.

RTX is currently trading at $119.31, up 0.18 percent or $0.20 on the Nasdaq.