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

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

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Raytheon, a division of RTX, has recently secured a $529 million contract to provide the Netherlands with a Patriot air and missile defense system, including a comprehensive fire unit and related equipment. This agreement aims to replace a fire unit that the Netherlands previously donated to Ukraine. This transaction is organized as a direct commercial sale and encompasses one complete fire unit, which features a radar system, launchers, command and control stations, along with supplementary support gear. At present, RTX shares are priced at $119.31 on the Nasdaq, marking a slight increase of 0.18% or $0.20.

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