RTX unit Raytheon lands $1.7 billion deal to supply Patriot systems to Spain

Core Insights - Raytheon Technologies, a unit of RTX Corp, has secured a $1.7 billion contract to supply four Patriot air and missile defense systems to Spain [1] Company Summary - The contract awarded to Raytheon Technologies highlights the company's ongoing role in international defense contracts and its capabilities in air and missile defense systems [1] - This deal reflects the increasing demand for advanced defense systems in Europe, particularly in response to regional security concerns [1] Industry Summary - The defense industry continues to see significant investments, with contracts like this one indicating a robust market for defense technologies [1] - The Patriot air and missile defense systems are recognized for their effectiveness, contributing to the industry's growth and the strategic importance of defense partnerships [1]