logo
  Join        Login             Stock Quote

Raytheon's (RTN) Patriot Air And Missile Defense System Receives US Army Stamp Of Approval

 November 12, 2012 10:04 AM
 


(By Balaseshan) Raytheon Co. (NYSE: RTN) said its new-production Patriot Air and Missile Defense System has received the U.S. Army's final stamp of approval after undergoing stringent testing.

During the testing, Patriot's performance was outstanding when subjected to challenging climatic and electromagnetic environments.

Since last year, the Patriot system has undergone the U.S. Army's rigorous testing of every component of the modernized system. Patriot performance consistently exceeded expectations in all eight flight tests in a variety of terrain and weather conditions.

"This approval validates the modernized Patriot system's readiness to counter evolving threats and protect warfighters and allies in a combat situation," said Sanjay Kapoor, vice president for Integrated Air and Missile Defense at Raytheon's Integrated Defense Systems business.

[Related -Lockheed Martin Corporation (NYSE:LMT): How A Small Budget Deal Impacts Defense Contractors?]

Patriot is the world's most capable air and missile defense system, protecting against a full range of advanced threats, including aircraft, tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. It is the system of choice for 12 nations around the globe.

Raytheon is the prime contractor for both domestic and international Patriot Air and Missile Defense Systems and system integrator for Patriot Advanced Capability-3 missiles.

Raytheon is a technology company specializing in defense, homeland security and other government markets worldwide. It provides electronics, mission systems integration and other capabilities in the areas of sensing, effects, and command, control, communications and intelligence systems (C3I), as well as a range of mission support services.

[Related -Raytheon Company (RTN) Dividend Stock Analysis]

RTN is trading down 0.78% at $55.62 on Monday. The stock has been trading between $42 and $58.68 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageFour Stocks in the Dow Making Fresh 52 Week Lows

“What gets weak tends to get weaker; what gets strong tends to get read on...

article imageGreece And The Cemetery For Your Wealth

The Greek default is merely the opening act of the worst sovereign-debt crisis in history. By the time it read on...

article imageAll Signs Point To Higher Gold Prices

In the face of historic monetary stimulus from nearly every major central bank in the world over the past read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

3 Top Defense Stocks For The 21St Century
More Articles on: Aerospace



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.