Raytheon awarded $71.7M for Patriot upgrades


Raytheon (RTN) gets $71.7M to upgrade the Patriot Air and Missile Defense System with a new Radar Digital Processor, thereby improving reliability by 40%.

"These major enhancements to the Radar Digital Processor pave the way for improved target detection and identification, multifunction surveillance," RTN says.

The company will also modernize the Modern Man Station with "color LCD displays, touch screens and soft keys [giving] soldiers the ability to more quickly identify threats, assess the situation and make decisions." (PR)

See also: RTN gets $3B sole-source contract

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs