Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Raytheon wins $225m contract for increased Patriot missile defense capability

November 29, 2016 By The Editors

ANDOVER, Mass., Nov. 28, 2016 /PRNewswire/ — An undisclosed member of the 13-nation group that owns the combat-proven Patriot Integrated Air and Missile Defense System has awarded Raytheon Company [NYSE: RTN] a $225 million direct commercial sales contract for additional capability. The contract was awarded on Oct 19.

“Our customer chose to continue investing in Patriot because Patriot saves lives,” said Ralph Acaba, Raytheon vice president of Integrated Air and Missile Defense. “That added capability will strengthen our customer’s protection against the evolving threats of tactical ballistic missiles, cruise missiles and enemy aircraft.”

Patriot is built on a foundation of more than 1,400 flight tests, 3,000 ground tests and the experiences of the five nations that have used Patriot in combat operations.

The contract was awarded less than 45 days after Poland officially requested Patriot from the United States government and the Netherlands awarded Raytheon a contract to begin upgrading its own Patriot systems.  Since December, 2014, the 13 Patriot partner nations have invested more than $7.2 billion with Raytheon in procuring and upgrading the system.

Source: Raytheon

Related Posts

  • Patriot Air and Missile Defense System
  • How Is The Obama Administration Doing On Missile Defense?
  • Raytheon Tests Next-Gen Ballistic Missile Killer
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • What Is Trump’s Argument for Election in 2024? - February 2, 2023
  • Powell Slows Fed Funds Rate Increases - February 2, 2023
  • Canadian Grain Harvest Drives Railroad Income Gains - February 2, 2023

Dick Young’s Must Reads

  • The Clock is Ticking: You Must Protect Your Family
  • A Look at the Future of Main Street America
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • Mises and Rothbard Finally Get Their Due
  • A Cashless Society Is A Debacle for Americans
  • The Butterfly Effect and Chaotic Markets
  • Why Some Kids Won’t Go Back to School, Ever
  • You Need to Seek Some Shelter for When Things Get Ugly
  • Concentrate on Dividend Record and Compounding
  • Your Cash Swept into Your Broker’s Bank Account!

Disclosure

RSS Youngresearch.com

  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Do You Trust This Rally?
  • Reagan’s America Remembered by Your Survival Guy and More
  • What Happens if the “Fed Put” Is Over for Good?
  • Tom Brady Retires, Again. Should You?
  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections

RSS Yoursurvivalguy.com

  • Early Advice from Her Dad on Tipping at Charlie Trotter’s
  • Treasury Bonds Ready to Rock and Roll
  • Survive and Thrive February 2023: 4 Life Changing Words: “You Should Try This”
  • Tom Brady Retires, Again. Should You?
  • Reagan’s America Remembered by Your Survival Guy and More
  • America’s Unprecedented Debt Problem
  • Iran’s Ballistic Missiles Could Give Russia the Edge in Ukraine
  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Tactical Laser Weapon Achieves “First Light”

Breaking News: Reform at New College, Sarasota, Florida

German Opposition Leader Denounces the Country’s “Insane Drunkenness about War”

Early Advice from Her Dad on Tipping at Charlie Trotter’s

What Is Trump’s Argument for Election in 2024?

Powell Slows Fed Funds Rate Increases

Canadian Grain Harvest Drives Railroad Income Gains

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives