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News

NSPA Awards RTX's Raytheon A $478M Patriot GEM-T Missile Contract

Author: Benzinga Newsdesk | August 06, 2024 09:31am

Additional missiles to replenish German inventory

ANDOVER, Mass., Aug. 6, 2024 /PRNewswire/ -- Raytheon, an RTX (NYSE:RTX) business, was awarded a $478 million contract from the NATO Support and Procurement Agency (NSPA) to supply additional GEM-T missiles to Germany. This contract supports the replenishment of Patriot missiles donated by Germany to Ukraine. Showing their strong support for Ukraine, Denmark, the Netherlands and Norway have agreed to participate in the financing of this procurement.

Posted In: RTX

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