Raytheon Wins Italian Missile Systems Deal
Raytheon Co. has won a $414-million contract for air defense guided missile systems for Italy.
The Raytheon portion of the missile systems will be paid for almost equally by the governments of the United States and Italy, the company said.
Raytheon said it already has received $204 million in initial funding for Patriot missile ground equipment “for the air defense of Italy against aircraft, cruise missiles and tactical ballistic missiles.”
Meanwhile, Raytheon will provide production licenses, technical assistance and other services to Italmissile, the Italian industrial consortium.
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