Raytheon Selected For Army’s LTAMDS Program To Deliver New Patriot Radar

摘要

The Army has selected Raytheon [RTN] to deliver the next-generation Lower Tier Air andMissile Defense Sensor to replace the Patriot defense system’s current radar, the company saidon Thursday.Raytheon, which builds Patriot and its current radar, beat out Northrop Grumman [NOC] andLockheed Martin [LMT] for LTAMDS, receiving an initial deal worth upward of $384 million todeliver six production representative systems.