- $44.8 million: a partial-foreign military sales contract to supply modern manstation upgrade kits for the Patriot air-defense system to both the U.S. Army and also to the Kuwaiti military.
- $39 million: a delivery order under a previously issued basic ordering agreement to supply 15 AN/APG-79 AESA radar systems to be used aboard Navy F/A-18E/F Super Hornet fighter-bombers. This contract is to be completed by November 2015.
In use aboard F-18s operated by both the U.S. Navy and also the Royal Australian Air Force, the APG-79 AESA radar gives pilots "reliability, image resolution, and targeting and tracking range significantly greater than that of the previous mechanically scanned array F/A-18 radar," according to Raytheon. Just as important, the company notes that by using solid-state transmit and receive modules, the new radar system "virtually eliminate[s the risk of] mechanical breakdown."
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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