RTX - NSPA awards COMLOG a contract for Patriot missiles | Benzinga
LUXEMBOURG, Jan. 3, 2024 /PRNewswire/ -- The NATO Support and Procurement Agency (NSPA) has awarded COMLOG, a joint venture between Raytheon, an RTX business (NYSE:RTX), and MBDA, their first contract under the European Sky Shield Initiative, or ESSI. With a total value of up to $5.6 billion, the NSPA contract supports a coalition of nations, including Germany, the Netherlands, Romania and Spain, with a combined quantity of up to 1,000 Patriot® GEM-T missiles, if all options are exercised. The contract includes qualification of updated components, addition of new suppliers, test equipment, and spares to support future sustainment. To support delivery, COMLOG will expand the production capacity of GEM-T missiles in Europe.