Raytheon CEO sees continuing demand for Patriot missiles

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

Raytheon (RTN +1%) sees international demand for its Patriot air missile-defense system continuing to rise after the March signing of a $4.75B supply contract with Poland, VP of Business Development John Harris tells Bloomberg.

“Patriot sales to Poland bode well for us as we continue to broaden the number of countries we do sell patriots to,” Harris says, as RTN has expanded Patriot sales to 14 countries outside the U.S.

In Singapore for an annual Asian security conference, Harris says 32% of RTN's sales last year were international with 30$ of that in the Asia Pacific region, which the company sees as a growth market.

RTN is continuing to provide “integrated and missile defense systems” for South Korea and “maritime situational awareness” to the Philippines in assisting potential border security concerns, Harris says.

Subscribe for full text news in your inbox