STOCK TITAN

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

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Negative)
Tags

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.

Raytheon di RTX ha ottenuto un contratto di 529 milioni di dollari per fornire ai Paesi Bassi un'unità di difesa aerea e missilistica Patriot® e attrezzature correlate. Questo contratto mira a sostituire un'unità di fuoco precedentemente donata all'Ucraina. Il pacchetto include un radar, lanciatori, stazioni di comando e controllo e attrezzature di supporto.

Il sistema Patriot, attualmente alla base della difesa aerea di 19 paesi, è l'unica capacità di difesa aerea e missilistica basata a terra comprovata in combattimento, capace di proteggere contro missili da crociera avanzati a lungo raggio, missili balistici tattici e varie minacce aeree. I lavori del contratto saranno principalmente eseguiti ad Andover, nel Massachusetts, e a Huntsville, in Alabama.

Raytheon de RTX ha conseguido un contrato de 529 millones de dólares para proporcionar a los Países Bajos una unidad de defensa aérea y de misiles Patriot® y el equipo relacionado. Este contrato tiene como objetivo reemplazar una unidad de fuego previamente donada a Ucrania. El paquete incluye un radar, lanzadores, estaciones de comando y control, y equipo de apoyo.

El sistema Patriot, que actualmente sirve como base de la defensa aérea de 19 países, es la única capacidad de defensa aérea y de misiles basada en tierra con probados resultados en combate que puede proteger contra misiles de crucero avanzados de largo alcance, misiles balísticos tácticos y diversas amenazas aéreas. El trabajo del contrato se realizará principalmente en Andover, Massachusetts, y Huntsville, Alabama.

RTX의 Raytheon이 네덜란드에 Patriot® 공중 및 미사일 방어 시스템 발사 유닛 및 관련 장비를 제공하는 5억 2900만 달러 계약을 체결했습니다. 이 계약은 우크라이나에 이전에 기증된 발사 유닛을 대체하는 것을 목표로 합니다. 패키지에는 레이더, 발사기, 지휘 및 통제 스테이션, 지원 장비가 포함됩니다.

현재 19개국의 공중 방어 기반이 되고 있는 Patriot 시스템은 고급 장거리 순항 미사일, 전술 탄도 미사일 및 다양한 공중 위협으로부터 보호할 수 있는 전투 검증된 지상 기반 공중 및 미사일 방어 능력입니다. 계약 작업은 주로 매사추세츠주 안도버와 앨라배마주 헌츠빌에서 진행됩니다.

Raytheon de RTX a obtenu un contrat de 529 millions de dollars pour fournir aux Pays-Bas une unité de défense aérienne et antimissile Patriot® ainsi que l'équipement associé. Ce contrat vise à remplacer une unité de tir précédemment donnée à l'Ukraine. Le package comprend un radar, des lanceurs, des stations de commandement et de contrôle, et du matériel de soutien.

Le système Patriot, qui constitue actuellement la base de la défense aérienne de 19 pays, est la seule capacité de défense aérienne et antimissile au sol ayant fait ses preuves au combat, capable de protéger contre des missiles de croisière avancés à longue portée, des missiles balistiques tactiques et diverses menaces aériennes. Les travaux du contrat seront principalement réalisés à Andover, dans le Massachusetts, et à Huntsville, en Alabama.

Raytheon von RTX hat einen Vertrag über 529 Millionen Dollar zur Bereitstellung eines Patriot® Luft- und Raketenabwehrsystem-Feuer Units sowie zugehöriger Ausrüstung für die Niederlande gesichert. Dieser Vertrag zielt darauf ab, eine zuvor an die Ukraine gespendete Feuer Einheit zu ersetzen. Das Paket umfasst ein Radar, Abschussrampen, Kommando- und Kontrollstationen sowie Unterstützungsausrüstung.

Das Patriot-System, das derzeit die Grundlage der Lufverteidigung von 19 Ländern bildet, ist die weltweit einzige kampferprobte, bodengestützte Luft- und Raketenabwehrfähigkeit, die vor hochmodernen Langstrecken-Kreuzfahrtraketen, taktischen ballistischen Raketen und verschiedenen luftatmenden Bedrohungen schützt. Die Arbeiten im Rahmen des Vertrags werden hauptsächlich in Andover, Massachusetts, und Huntsville, Alabama, durchgeführt.

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.

Insights

The $529 million Patriot contract represents a strategic move in the ongoing European defense landscape. This replacement order showcases the ripple effects of military aid to Ukraine, creating a domino effect of defense procurement that benefits RTX's bottom line. The contract's structure - replacing donated equipment - indicates a broader trend of NATO members maintaining their defense capabilities while supporting Ukraine.

The deal strengthens RTX's market position in two key ways: First, it demonstrates the company's ability to capitalize on the increased defense spending across Europe. Second, it reinforces the Patriot system's status as the premier air defense solution, highlighted by its deployment in 19 countries. The Netherlands' commitment to maintaining its Patriot capabilities signals continued trust in RTX's technology and potential for future orders from other NATO allies.

From a financial perspective, this contract will contribute approximately $132.25 million per quarter to RTX's revenue over the next year, assuming even distribution. This represents roughly 0.4% of RTX's quarterly revenue, a modest but meaningful contribution to the company's defense segment.

The technical implications of this contract extend beyond simple replacement. The Patriot system's proven capability against advanced threats, including long-range cruise missiles and tactical ballistic missiles, makes it a critical asset in modern air defense architecture. The system's combat-proven status and ability to counter complex raid attacks particularly stands out in the current geopolitical context.

Production at Andover and Huntsville facilities indicates RTX's domestic manufacturing capabilities remain robust. This geographic distribution of work helps maintain critical defense industrial base capabilities while potentially accelerating delivery timelines. The contract's structure suggests the delivery of the latest Patriot configuration, ensuring the Netherlands maintains technological parity with other NATO allies.

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 

Cision 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.

RTX Corporation

NYSE:RTX

RTX Rankings

RTX Latest News

RTX Stock Data

165.47B
1.33B
0.08%
80.8%
0.88%
Aerospace & Defense
Aircraft Engines & Engine Parts
Link
United States of America
ARLINGTON