RTX's Raytheon awarded $529 million contract to replenish Dutch Patriot air defense system

Rhea-AI Summary

RTX's Raytheon has secured a $529 million contract to provide the Netherlands with a Patriot® air and missile defense system fire unit and related equipment. This contract aims to replace a fire unit previously donated to Ukraine. The package includes a radar, launchers, command and control stations, and support equipment.

The Patriot system, currently serving as the foundation of air defense for 19 countries, is the world's only combat-proven ground-based air and missile defense capability that can protect against advanced long-range cruise missiles, tactical ballistic missiles, and various air-breathing threats. The contract work will be primarily conducted in Andover, Massachusetts, and Huntsville, Alabama.

Positive

• Secured substantial $529 million contract for Patriot system
• Strengthens position in European defense market
• Demonstrates continued demand for Patriot defense systems
• Maintains leadership in combat-proven air defense technology

Negative

• None.

Replacement equipment will backfill fire unit sent to Ukraine

ANDOVER, Mass., Jan. 16, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $529 million contract to supply the Netherlands with a Patriot® air and missile defense system fire unit and related equipment. This contract supports the replenishment of a Patriot fire unit donated to Ukraine.

The direct commercial sales contract includes a single fire unit consisting of a radar, launchers, command and control stations, and other support equipment.  

"Raytheon is committed to partnering with the Dutch as they continue to advance their integrated air and missile defense capabilities," said Pete Bata, senior vice president of Global Patriot at Raytheon. "The Netherlands' investment in Patriot ensures collective security and deterrence across Europe."

Patriot is the only combat-proven ground-based air and missile defense capability in the world able to defend against advanced long-range cruise missiles, tactical ballistic missiles, and the full spectrum of air-breathing threats. Patriot is the foundation of air defense for 19 countries, and the system continues to demonstrate its effectiveness against advanced aerial threats and massive complex raid attacks. 

Work on this contract will primarily be conducted in Andover, Mass., and Huntsville, Ala.

About Raytheon
Raytheon, an RTX business, is a leading provider of defense solutions to help the U.S. government, our allies and partners defend their national sovereignty and ensure their security. For more than 100 years, Raytheon has developed new technologies and enhanced existing capabilities in integrated air and missile defense, smart weapons, missiles, advanced sensors and radars, interceptors, space-based systems, hypersonics and missile defense across land, air, sea and space. 

About RTX 
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia. 

For questions or to schedule an interview, please contact corporatepr@rtx.com 

View original content:https://www.prnewswire.com/news-releases/rtxs-raytheon-awarded-529-million-contract-to-replenish-dutch-patriot-air-defense-system-302353313.html

SOURCE RTX

FAQ

What is the value of RTX's new Patriot contract with the Netherlands?

RTX's Raytheon has been awarded a $529 million contract to supply the Netherlands with a Patriot air and missile defense system fire unit and related equipment.

Why is the Netherlands purchasing a new Patriot system from RTX?

The Netherlands is purchasing a new Patriot system to replace a fire unit that was previously donated to Ukraine.

What equipment is included in RTX's $529M Patriot contract?

The contract includes a single fire unit consisting of a radar, launchers, command and control stations, and other support equipment.

How many countries currently use RTX's Patriot defense system?

The Patriot system serves as the foundation of air defense for 19 countries worldwide.

Where will RTX conduct the work for the Netherlands Patriot contract?

The work will primarily be conducted in Andover, Massachusetts, and Huntsville, Alabama.