BUCHAREST, Romania, Nov. 29, 2017 /PRNewswire/ — The government of Romania signed an agreement to purchase Raytheon’s (NYSE: RTN) combat proven Patriot from the U.S. Army. The agreement, formally referred to as a Letter of Offer and Acceptance, paves the way for Romania’s Patriot force to rapidly reach Initial Operational Capability, and sets the stage for the U.S. government to begin contract negotiations with Raytheon.
Raytheon’s Patriot™ Solutions is a missile defense system consisting of radars, command-and-control technology and multiple types of interceptors, all working together to detect, identify and defeat tactical ballistic missiles, cruise missiles, drones, advanced aircraft and other threats. Patriot is the foundation of integrated air and missile defense for 13 nations. Since it was first fielded, Raytheon’s Patriot has been used by five nations in more than 200 combat engagements against manned and unmanned aircraft, cruise missiles, and tactical ballistic missiles. Since January of 2015, Patriot has intercepted more than 100 ballistic missiles in combat operations around the world; more than 90 of those intercepts involved the low-cost Raytheon-made Guidance Enhanced Missile family of surface-to-air missiles (GEM shown in photo).
Patriot is a purely defensive system that is the backbone of NATO’s defense against ballistic and cruise missiles, advanced aircraft and drones. Romania’s procurement of the system will help the country meet its NATO commitment to spend at least 2% of its Gross Domestic Product on defense.
“With its newly built Patriot capability, Romania’s military will have the ability to defend Romania and its NATO allies,” said Tom Laliberty, Raytheon vice president of Integrated Air and Missile Defense. “Patriot will also enable Romanian air defenders to train, exercise and interoperate with their U.S. and European counterparts.”
Thirteen other nations depend on Patriot to protect their citizens and armed forces, including the U.S. and four other European nations: Germany, Greece, the Netherlands and Spain.
“This procurement will create jobs in both the U.S. and Romania,” Laliberty added. “Raytheon is developing long-term relationships with Romanian companies to help us build and sustain Romania’s Patriot fleet.”
Romania will receive the Patriot Configuration 3+, the most advanced configuration available, as well as an undisclosed quantity of GEM-T and PAC-3 MSE interceptor missiles. These interceptors will enable Romania’s military to defeat current and emerging threats.
Raytheon Company, with 2016