Rising Threat, Rising Sales

摘要

The growing number of countries with ballistic missiles has fueled a boom in the market for theater-based interceptors in recent years, and as developer of the Patriot air and missile defense system, Raytheon is reaping the benefits.rnTewksbury, Mass.-based Raytheon Integrated Defense Systems now provides Patriot to 12 countries and is in the midst of upgrading the U.S. Army's entire fleet to the Patriot Advanced Capability-3, currently the most capable variant. The December 2008 agreement to sell Patriot to the United Arab Emirates contributed to a 6 percent revenue increase for the division during the first half of this year. Patriot also is among the competitors for a Turkish missile defense procurement, but win or lose, the program will soon be the biggest at Raytheon Integrated Defense Systems, according to Dan Smith, who runs the division.