Sweden says it wants Raytheon's Patriot missile defense system

|About: Raytheon Company (RTN)|By:, SA News Editor

Sweden's government says it is looking to buy Raytheon's (RTN +1.2%) Patriot missile defense system, aiming for delivery to begin in 2020 and for the system to be operational by 2025 at the latest.

Sweden estimates a contract value for the system, which is used by U.S. armed forces and militaries in the Middle East and other places, in excess of 10B Swedish crowns ($1.2B).

The government says it will make a final decision on the acquisition in 2018.