Posted on 01/03/2010 3:23:25 PM PST by ErnstStavroBlofeld
Raytheon, the world's largest missile maker, has won a $1.1 billion order from Taiwan for new Patriot missile systems. The order covers an initial ground-system hardware contract valued at $965.6 million and a $134 million contract for spares.
The order, according to a statement by Raytheon, will include advances in technology, improved man-machine interface and reduced lifecycle costs.
The deal has been in the making since October 2008 when the U.S. Defense Department proposed a $6.46 billion arms sale package to Taiwan, including the most advanced Patriot anti-missile system.
Raytheon said the new Patriot fire units will be produced in Massachusetts, Texas and Alabama. The missiles themselves are expected to be part of a different contract.
The U.S. company already won smaller orders from Taiwan earlier this year and in 2008 for upgrades to the Patriot systems it already has. Those contracts were clinched in order to upgrade the existing systems to Configuration 3, the same upgrade Raytheon is currently completing for the U.S. Army.
"Configuration 3 is Raytheon's most advanced Patriot system and allows the use of Lockheed Martin's Patriot Advanced Capability-3 (PAC-3) missiles, Raytheon's Guidance Enhanced Missile Tactical (G.E.M-T) Missiles and allows missile launchers to be placed miles in front of the radar of the system, rather than right next to the radar as in earlier Patriot systems," the DefenseNews Web site reported.
Patriot missiles intercept incoming ballistic missiles.
"The Patriot system is a vital element to providing superior integrated air and missile defense capabilities for the protection of Taiwan," said Daniel Smith, president of Raytheon Integrated Defense Systems
(Excerpt) Read more at spacewar.com ...
Note to Bambi... this is Job Stimulus!
Does GM still own Raytheon ?
...the contract also includes 30 Apache attack helicopters, 32 Harpoon submarine-launched missiles, 182 guided Javelin missile rounds and four E-2T anti-submarine plane system upgrades.
Sounds like it can take down a missle while it’s still inside N.Korea.
If O can kill this deal, he will as he bows to China.
They never did. Raytheon absorbed Hughes Aircraft.
I would like to see several nuclear warheads sold to taiwan and once safely positioned have them come out and deny they have them. That will put the Chi-coms in check.
Didn’t GM own Hughes?
I know that stock (Raytheon) was a part of our GM portfolio
Okie doke. I guess that was part of the sale.
I was just wondering because of the implications with the government owning so much of GM now.
Raytheon is not a part of GM. Raytheon bought some parts of General Dynamics(GD) and Hughes Aircraft Company.
Hmmm, I was thinking of tossing a resume over there way in the next
couple of weeks anyway.
Them and a few other companies.
I have not included the other air defenses Taiwan has.
I have not included the other air defenses Taiwan has.
I have not included the other air defenses Taiwan has.
I have not included the other air defenses Taiwan has.
I have not included the other air defenses Taiwan has.
I have not included the other air defenses Taiwan has.
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