Sky's The Limit: RTX's Raytheon JV Pockets Massive NATO Contract For Patriot Missiles

With a total value of up to $5.6 billion, the NATO Support and Procurement Agency (NSPA) contract supports a coalition of nations, including Germany, the Netherlands, Romania and Spain, with a combined quantity of up to 1,000 Patriot GEM-T missiles, if all options are exercised.

GEM-T missiles are a primary effector for the combat-proven Patriot air and missile defense system

The contract entails the qualification of updated components, the addition of new suppliers, test equipment, and spares to help future sustainment. 

COMLOG plans to boost the production capacity of GEM-T missiles in Europe, which is projected to enhance the security of supply and will contribute to the replenishment of Patriot air defense missile inventories. 

"The order volume will enable MBDA to set up a production facility for Patriot missiles in Germany, as well as major subcomponent production. The COMLOG facility is currently the only one of its kind for the Patriot missile outside the U.S.," stated Thomas Gottschild, Managing Director MBDA Deutschland.

Price Action: RTX shares are trading higher by 1.56% at $86.55 on the last check Wednesday.

Photo via Company

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