Raytheon awarded $2.3B production contract for missile defense radars
TUCSON, Ariz., June 26, 2020 /PRNewswire/ — Raytheon Missiles & Defense, a Raytheon Technologies business (NYSE: RTX), received a $2.3 billion U.S. Missile Defense Agency production contract for seven gallium nitride (GaN)-based AN/TPY-2 radars as part of the Terminal High Altitude Area Defense (THAAD) system, which is designed to protect against incoming ballistic missile threats. The contract is part of a foreign military sale to the Kingdom of Saudi Arabia.
