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Thursday, December 24, 2009

Raytheon Receives $1.1 Billion Order to Advance Taiwan's Patriot Capability

Patriot PAC-3Raytheon Company has received Foreign Military Sales contract awards totaling $1.1 billion to fund new production of the combat-proven Patriot Air and Missile Defense System for Taiwan.

The awards include ground-system hardware through an initial contract valued at $965.6 million and an initial spares contract valued at $134.4 million.

"The Patriot system is a vital element to providing superior integrated air and missile defense capabilities for the protection of Taiwan," said Daniel L. Smith, president of Raytheon Integrated Defense Systems (IDS).

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