RTX - Sky's The Limit: RTX's Raytheon JV Pockets Massive NATO Contract For Patriot Missiles | Benzinga
COMLOG, a joint venture between RTX Corp's (NYSE: RTX) Raytheon and MBDA Germany, won the first contract under the European Sky Shield Initiative (ESSI).
With a total value of up to $5.6 billion, the NATO Support and Procurement Agency (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.
GEM-T missiles are a primary effector for the combat-proven Patriot air and missile defense system
The contract entails the qualification of updated components, the addition of new suppliers, ...