Raytheon Awarded $138.7 Million Contract for Patriot Engineering Services

Raytheon Company RTN received a $138.7 million contract to provide engineering services for the Patriot Air and Missile Defense System. This is the third of four annual options to the base contract awarded in 2009, which brings the total amount to date to $803 million. These continued improvements enhance the capability of Patriot to face evolving threats.