Raytheon Awarded $1.23B for Swiss Patriot Missile Systems
- Defensemirror.com
Bureau
- 04:47
AM, March 29, 2023
The
U.S. Army awarded Raytheon a contract valued $1.225 billion to make Patriot air
defense systems for Switzerland.
“Raytheon Co., Andover,
Massachusetts, was awarded a $1.225 billion firm-fixed-price contract for
Patriot Missile System fire units. Work is estimated to be completed by Dec.
31, 2032. Fiscal 2023 Foreign Military Sales (Switzerland) funds in the amount
of $1.225 billion were obligated at the time of the award,” the Pentagon said
in a release today.
The
U.S. State Department approved the sale of Patriot missiles and related
equipment to Switzerland in November 2022 for an estimated cost of $700
million.
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