NSPA Awards RTX's Raytheon A $478M Patriot GEM-T Missile Contract
Portfolio Pulse from Benzinga Newsdesk
Raytheon's RTX business has been awarded a $478 million contract by the NATO Support and Procurement Agency to supply additional GEM-T missiles to Germany. This contract aims to replenish the Patriot missiles that Germany donated to Ukraine, with financial support from Denmark, the Netherlands, and Norway.
August 06, 2024 | 1:31 pm
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Raytheon's RTX business has secured a $478 million contract from the NATO Support and Procurement Agency to supply GEM-T missiles to Germany. This contract will replenish the Patriot missiles donated by Germany to Ukraine, with financial support from Denmark, the Netherlands, and Norway.
The $478 million contract is a significant revenue boost for RTX, reflecting strong international demand and support for their defense products. The financial backing from multiple countries further underscores the importance and reliability of RTX's offerings.
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