- A redesign of the Patriot missile system following a large order from the UAE five years ago has helped Raytheon (RTN +0.5%) turn the page to "a new chapter in the [Patriot] program's history," Reuters says.
- Thanks to the "upgraded hardware," the company sees an opportunity to offer previous customers ways to reduce costs and make their existing systems more efficient.
- With billions of orders expected during H2, the Patriot system now presents RTN with "a never-ending opportunity," CEO William Swanson says.
A new chapter for Raytheon's Patriot missle system
Aug 5 2013, 13:14 ET