Raytheon Technologies awarded $1.2 billion contract to provide Patriot air defense system to Switzerland
Raytheon Technologies (NYSE: RTX) secured a $1.2 billion contract from the U.S. Army to supply the Patriot™ air defense system to Switzerland. This marks Switzerland as the 18th global partner and the eighth European nation to adopt this advanced military technology. The contract encompasses five Patriot fire units and Guidance Enhanced Missiles (GEM-T) designed to counter tactical ballistic missiles and cruise missiles. Additionally, Raytheon will collaborate with Swiss industries, enhancing local participation in the management of this sophisticated air defense capability. The contract was officially announced on March 28, 2023.
- Awarded a $1.2 billion contract, enhancing revenue potential.
- Switzerland becomes the 18th global partner, expanding market reach.
- Includes local industry participation, fostering economic collaboration.
- None.
ARLINGTON, Va., April 3, 2023 /PRNewswire/ -- Raytheon Technologies (NYSE: RTX) was awarded a
The contract includes five Patriot fire units and a quantity of Guidance Enhanced Missiles, known as GEM-T. The missile is proven to defeat tactical ballistic missiles, cruise missiles and enemy aircraft.
"Designed specifically to counter today's threats, Patriot is the proven, reliable ground-based air defense capability for the U.S. Army and now 17 international countries," said Tom Laliberty, president of Land Warfare & Air Defense at Raytheon. "Switzerland now joins this Global Patriot user community and will benefit from unparalleled commonality, cooperation, experience and cost sharing over the weapon system's life cycle."
The Patriot offer for Switzerland included projects for local industry participation. Raytheon will work with Swiss industry to deliver the Patriot system to meet Switzerland's air defense needs and safeguard its sovereignty.
Patriot is the most effective, most sophisticated, and only combat-proven ground-based air defense capability available in the world to defeat advanced long-range cruise missiles, tactical ballistic missiles, and a full spectrum of air-breathing threats. As these threats evolve, so does Patriot. Its technology is continuously refreshed, tested and upgraded, thanks to continued investment by all Patriot partner nations.
The contract was announced by the U.S. Department of Defense on March 28, 2023.
About Raytheon Technologies
Raytheon Technologies (NYSE: RTX) is the world's largest aerospace and defense company. Our global team of 180,000 employees pushes the limits of known science and redefines how we connect and protect our world. We are advancing aviation, building smarter defense systems and creating innovations to take us deeper into space. The company, with 2022 sales of
For questions, please contact:
Carolyn Beaudry
RMDPR@raytheon.com
Note to editors
The 18 current Global Patriot partners include:
- United States of America
- The Netherlands
- Germany
- Japan
- Israel
- Kingdom of Saudi Arabia
- Kuwait
- Taiwan
- Greece
- Spain
- Republic of Korea
- United Arab Emirates
- Qatar
- Romania
- Poland
- Sweden
- Kingdom of Bahrain
- Switzerland
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SOURCE Raytheon Technologies
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