Business News: Kingdom of Bahrain and US Sign Agreement for Patriot
Nation becomes 17th to choose Patriot system for air and missile defense requirements
ANDOVER, MA (STL.News) – The Kingdom of Bahrain signed an agreement to purchase Raytheon‘s (NYSE: RTN) combat-proven Patriot™ air and missile defense system from the U.S. Army. This letter of offer and acceptance allows the U.S. government to begin contract negotiations with Raytheon for production of an undisclosed quantity of systems and missiles.
“Raytheon’s Patriot Integrated Air and Missile Defense System will ensure the Kingdom of Bahrain is well equipped to defend against ballistic missiles, cruise missiles, and manned and unmanned aircraft,” said Ralph Acaba, president of Raytheon Integrated Defense Systems.