RTX's Raytheon awarded $168 million contract for Romanian Patriot air defense equipment

Core Insights - Raytheon has secured a $168 million contract to supply Romania with equipment for the Patriot air and missile defense system, marking the second order within a year [1][3] - The contract includes essential components such as radar, command and control systems, launchers, and various support and test equipment [1] - The Patriot system is recognized globally as a combat-proven air and missile defense solution, capable of defending against a wide range of aerial threats [2][3] Company Overview - Raytheon, part of RTX, is a leading provider of defense solutions, focusing on integrated air and missile defense, smart weapons, and advanced sensors [4] - RTX is the largest aerospace and defense company globally, with over 185,000 employees and projected sales exceeding $80 billion in 2024 [5]