Raytheon awarded $2.3B to support Patriot missile system

Jan. 31 (UPI) -- Raytheon has been awarded a contract for engineering services to support the Phased Array Tracking Radar Intercept on Target, or Patriot, system of systems.

The deal, announced Tuesday by the Department of Defense, is valued at more than $2.3 billion under a hybrid cost-plus-fixed-fee, firm-fixed-price and level-of-effort contract.

The Phased Array Tracking Radar Intercept on Target system of systems is integrated into the U.S. Patriot missile defense system, which protects against a full spectrum of threats, including ballistic missiles and enemy aircraft.

The contract will provide ongoing support of current software, in addition to upgrading software that is becoming obsolete in systems outside the continental United States and in partner countries, the Pentagon said.

Work and funding on the contract will be determined with each order that the U.S. Army Contracting Command receives.

The contract will remain in place until the end of January 2023.