Raytheon Technologies awarded 12 billion contract to provide Patriot air defense system to Switzerland MarketScreener

ARLINGTON, Va., April 3, 2023 /PRNewswire/ — Raytheon Technologies (NYSE: RTX) was awarded a $1.2 billion foreign military sales contract from the U.S. Army to provide Switzerland with the Patriot™ air defense system. With the sale, Switzerland becomes the 18th global Patriot partner and the eighth European country to choose the system as the backbone of their air defense. The contract includes five Patriot fire units and a quantity of Guidance Enhanced Missiles, known as GEM-T. The missile is proven to defeat tactical ballistic missiles, cruise missiles and enemy aircraft. “Designed specifically to counter today’s threats, Patriot is the proven,…