Raytheon Awarded Contract to Support Republic of Korea Patriot Missile Defense System

Released on Monday, April 21, 2008

TEWKSBURY, Mass., April 21, 2008 /PRNewswire/ -- Raytheon Company (NYSE: RTN) has received a $241 million U.S. Foreign Military Sales contract to provide the Republic of Korea with command and control, communications, maintenance support, and training equipment for the Patriot air and missile defense system.

This production and support award complements the $28.7 million engineering services contract the company announced March 3.

"The Patriot system will provide South Korea with the capability to deploy command and control for the Patriot system and defend itself from the full spectrum of air and missile threats," said Sanjay Kapoor, vice president, Patriot Programs for Raytheon Integrated Defense Systems. "This award demonstrates continuing domestic and international demand for Raytheon's combat-proven Patriot system."

Raytheon Integrated Defense Systems (IDS) is the prime contractor for the Patriot system and the integration of all variants of the system. The capability delivered will provide improved air and missile defense for South Korea.

Work will be performed at Raytheon's Integrated Air Defense Center, Andover, Mass.; the Warfighter Protection Center, Huntsville, Ala.; and the Mission Capability and Verification Center, White Sands, N.M.

Integrated Defense Systems is Raytheon's leader in Joint Battlespace Integration providing affordable, integrated solutions to a broad international and domestic customer base, including the U.S. Missile Defense Agency, the U.S. Armed Forces and the Department of Homeland Security.