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Raytheon Co. reports it has landed two contracts worth more than $1 billion from the U.S. Army to provide Patriot missiles for Taiwan.
The total comprises two foreign military sales deals, a $965.6 million contract for the ground system hardware and another contract worth $134.4 million for spare parts.
Work under the contracts will be performed at Raytheon Integrated Defense Systems’ Integrated Air Defense Center in Andover, as well as in El Paso, Texas, and Huntsville, Ala.
Earlier this month, Raytheon brought in $17.2 million from the U.S. Army to upgrade Patriot Missile Systems for the government of South Korea.
Headquartered in Waltham, Raytheon (NYSE: RTN) employs about 73,000 people. The company reported a net income of $490 million on revenue of $6.2 billion for the quarter ended September 27.
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