RTX's Raytheon awarded $946 million contract to provide additional Patriot air defense systems to Romania

Rhea-AI Summary

RTX's Raytheon has secured a $946 million contract to provide additional Patriot air and missile defense systems to Romania, marking the country's third Patriot order. The contract encompasses fire units including radars, control stations, and missiles.

Raytheon maintains partnerships with Romanian defense companies as part of its Patriot global supply chain network. The Patriot system, currently employed by 19 countries, is the world's only combat-proven ground-based air and missile defense capability that can counter advanced long-range cruise missiles, tactical ballistic missiles, and various air-breathing threats. The system has demonstrated its effectiveness against sophisticated aerial threats and complex raid attacks.

Positive

• Secured substantial $946 million contract for Patriot systems
• Third repeat order from Romania demonstrates product reliability and customer satisfaction
• Expanding presence in European defense market
• Integration with local Romanian defense companies strengthens supply chain

Negative

• None.

Contract marks the third Patriot order for Romania

ANDOVER, Mass., Jan. 3, 2025 /PRNewswire/ -- Raytheon, an RTX (NYSE: RTX) business, was awarded a $946 million contract to supply Romania with additional Patriot® air and missile defense systems.

The contract includes fire units consisting of radars, control stations and missiles.

"Raytheon is committed to providing Romania with advanced integrated air and missile defense capabilities to protect its citizens and critical infrastructure," said Pete Bata, senior vice president of Global Patriot at Raytheon. "Romania's continued investment in Patriot is a testament to the nation's dedication to ensuring collective security, deterrence, and stability across Europe."

Raytheon continues to partner with local Romanian defense companies 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 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.

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-946-million-contract-to-provide-additional-patriot-air-defense-systems-to-romania-302341296.html

SOURCE RTX

FAQ

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

RTX's Raytheon has been awarded a $946 million contract to supply Romania with additional Patriot air and missile defense systems.

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

The Patriot defense system is currently used by 19 countries as their foundation of air defense.

What components are included in RTX's latest Patriot contract with Romania?

The contract includes fire units consisting of radars, control stations, and missiles.

Is this Romania's first purchase of RTX's Patriot systems?

No, this is Romania's third order of Patriot air and missile defense systems from RTX's Raytheon.

What types of threats can RTX's Patriot system defend against?

The Patriot system can defend against advanced long-range cruise missiles, tactical ballistic missiles, and the full spectrum of air-breathing threats.