RTX's Raytheon awarded $1.7 billion contract to deliver four Patriot fire units to Spain

RTX (NYSE:RTX) announced a $1.7 billion foreign military sales contract to deliver four Patriot air and missile defense systems to Spain, announced Dec 23, 2025.

Rhea-AI Summary

RTX (NYSE:RTX) announced a $1.7 billion foreign military sales contract to deliver four Patriot air and missile defense systems to Spain, announced Dec 23, 2025. The award covers radars, launchers, command-and-control stations, and training equipment.

The contract is described as Spain's largest Patriot order and notes collaboration with local industry, including Sener for GEM-T missile electro-mechanical controls. Patriot is presented as a combat-proven, long-range air and missile defense system deployed by 19 countries.

Positive

• $1.7B contract to deliver four Patriot systems
• Includes radars, launchers, C2 stations, and training equipment
• Collaboration with Spanish supplier Sener for GEM-T controls
• Reinforces Patriot position as defense foundation for 19 countries

Negative

• None.

Argus Dec 23 session

+0.04% close to close Open Argus

Details

News Market Reaction – RTX

On Dec 23, the day this news came out, RTX closed 0.04% above the previous close.

Data tracked by StockTitan Argus for the Dec 23 session.

Market Context

This announcement highlights a major $1.7 billion Patriot contract supplying four air and missile de...

Analysis

This announcement highlights a major $1.7 billion Patriot contract supplying four air and missile defense units to Spain, adding to RTX’s recent string of defense and technology wins. It reinforces Patriot’s role across 19 countries and ongoing European demand. In context of rising Q3 net sales of $22.478B and an effective universal shelf registration, investors may watch future contract flow, funding choices, and execution on large defense programs.

Key Figures

Spain Patriot contract: $1.7 billion Patriot units: 4 systems Patriot user countries: 19 countries +3 more

Spain Patriot contract

$1.7 billion

Contract to supply four Patriot air and missile defense systems to Spain

Patriot units

4 systems

Number of Patriot fire units in Spain’s latest order

Patriot user countries

19 countries

Number of countries for which Patriot is the air defense foundation

Q3 2025 net sales

$22.478B

RTX net sales in Q3 2025 per 10-Q filing

Q3 2025 diluted EPS

$1.41 vs $1.09

Year-over-year diluted EPS comparison from Q3 2024 to Q3 2025

Pension obligations transferred

$2.5 billion

Gross pension obligations moved to Prudential in annuity transaction

Historical Context

5 past events · Latest: Dec 19

5 events

1. Dec 19

   Radar contract win

   24h Move

   +2.1%

   U.S. Air Force contract to equip X-62A VISTA with PhantomStrike radar.

2. Dec 19

   Patriot contract win

   24h Move

   +2.1%

   $168M foreign military sales contract for Romanian Patriot equipment.

3. Dec 09

   EW prototype review

   24h Move

   +0.2%

   Major review completion for Advanced Electronic Warfare prototype for U.S. Navy.

4. Dec 09

   Engine development update

   24h Move

   +0.2%

   Development of small engines for munitions and combat aircraft with 2026 tests.

5. Dec 04

   Cloud collaboration

   24h Move

   +1.7%

   Strategic collaboration with AWS to enhance space mission data services.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

foreign military sales, air and missile defense, cruise missiles, tactical ballistic missiles

4 terms

foreign military sales regulatory

"The foreign military sales contract includes radars, launchers, command and control..."

Foreign military sales are transactions where one country sells military equipment, technology, or services to another country. These sales often involve government agreements and can influence international relationships and stability. For investors, understanding foreign military sales can indicate geopolitical stability and potential shifts in defense-related industries or government spending.

air and missile defense technical

"Patriot® air and missile defense systems."

A collection of sensors, weapons and command systems designed to detect, track and stop hostile aircraft, drones or missiles before they hit their targets—think of it as a city's layered security system that watches for threats and intercepts them. Investors care because governments and militaries buy and upgrade these systems through large, long-term contracts; changes in budgets, technology needs, or global tensions can directly affect suppliers’ revenues and stock performance.

cruise missiles technical

"able to defend against long-range cruise missiles, tactical ballistic missiles..."

Cruise missiles are self-propelled, guided weapons that fly at low altitude along a planned route to strike a specific target, similar to a long-range, autonomous drone carrying a destructive payload. Investors watch them because their production, deployment, or use can shift defense budgets, boost or hurt suppliers’ revenues, reshape geopolitical risk, affect insurance and shipping costs, and influence markets tied to military spending and national security policy.

tactical ballistic missiles technical

"defend against long-range cruise missiles, tactical ballistic missiles, and the full spectrum..."

Tactical ballistic missiles are short- to medium-range, ground-launched rockets that rise on a powered boost and then travel in a high, arcing path to hit specific military or infrastructure targets—think of them as very powerful, guided stones thrown over a distance. Investors care because their deployment or testing can quickly change government defense budgets, regional risks, sanctions and insurance costs, and therefore affect defense contractors, energy, shipping and other companies exposed to geopolitical disruption.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Contract marks Spain's largest Patriot order ever

ANDOVER, Mass., Dec. 23, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $1.7 billion contract to supply Spain with four Patriot® air and missile defense systems.

The foreign military sales contract includes radars, launchers, command and control stations, and training equipment.

"Modernizing air and missile defense is vital to Spain's security and sovereignty. Raytheon's work with the Spanish government and local industry will help ensure readiness against evolving threats," said Pete Bata, senior vice president of Global Patriot at Raytheon. "Raytheon is continuing to support Spain's government while working with their robust defense industry to deliver Patriot."

Raytheon has collaborated with local Spanish defense companies including Sener for electro-mechanical control system of the GEM-T missile as part of its Patriot global supply chain network.

Patriot is the only combat-proven ground-based air and missile defense capability in the world able to defend against long-range cruise missiles, tactical ballistic missiles, and the full spectrum of air-breathing threats.

Backed by a world-class command-and-control system, Patriot has intercepted hundreds of advanced aerial threats in conflicts around the globe. 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.

The contract comes as Germany, the Netherlands, and Romania have placed orders for additional Patriot systems in 2025.

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
RTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push 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 for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than $80 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-1-7-billion-contract-to-deliver-four-patriot-fire-units-to-spain-302648378.html

SOURCE RTX

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did RTX announce on December 23, 2025 regarding Spain?

RTX was awarded a $1.7 billion contract to supply Spain with four Patriot air and missile defense systems.

What equipment is included in the RTX Patriot contract for Spain (NYSE:RTX)?

The contract includes radars, launchers, command-and-control stations, and training equipment.

Does the RTX contract involve Spanish suppliers and which one is named?

Yes; the release names Sener as a local collaborator for GEM-T missile electro-mechanical controls.

How many countries operate Patriot according to RTX's announcement?

The announcement states Patriot is the foundation of air defense for 19 countries.

How significant is the Spain Patriot order for RTX's business?

The announcement describes this as Spain's largest Patriot order ever, valued at $1.7 billion.