RTX's Raytheon awarded $1.7 billion contract to deliver four Patriot fire units to Spain

Group 1 - Raytheon has been awarded a $1.7 billion contract to supply Spain with four Patriot air and missile defense systems, marking Spain's largest Patriot order ever [1] - The contract includes essential components such as radars, launchers, command and control stations, and training equipment, emphasizing the importance of modernizing air and missile defense for Spain's security [2] - Raytheon collaborates with local Spanish defense companies, including Sener, to enhance the capabilities of the Patriot system, demonstrating a commitment to local industry [2] Group 2 - The Patriot system is recognized as the only combat-proven ground-based air and missile defense capability globally, effective against long-range cruise missiles, tactical ballistic missiles, and various aerial threats [3] - Backed by a sophisticated command-and-control system, Patriot has successfully intercepted numerous advanced aerial threats in global conflicts and serves as the foundation of air defense for 19 countries [4] - The contract with Spain follows similar orders from Germany, the Netherlands, and Romania for additional Patriot systems in 2025, indicating a growing demand for advanced defense solutions [4] Group 3 - Raytheon, as part of RTX, is a leading provider of defense solutions, focusing on integrated air and missile defense, smart weapons, and advanced sensors, with over 100 years of experience in the industry [5] - RTX is the world's largest aerospace and defense company, employing over 185,000 people globally and generating more than $80 billion in sales for 2024, showcasing its significant role in advancing defense technologies [6]