Wednesday, December 23, 2009

Patriot Missiles are Sold at U.S. $ 1.1 Billion

U.S. defense companies, Raytheon, local time on Wednesday said it received contracts worth 1.1 billion dollars to provide a new Patriot missile systems to Taiwan. The contract has been in planning since 2008 when the Pentagon told Congress that they allow Taiwan to buy advanced interceptor missiles and more new and other defense equipment.  Sales of military equipment that has provoked objections from China, which considers Taiwan a breakaway province. Raytheon, based in Massachusetts, said it had received notification of the approval of contracts for hardware system with a target on land valued at 965.6 million dollars and spare parts contracts worth 134.4 million dollars.

A Raytheon official explained, the contract will include new advanced missile launchers and other equipment, but that the missile itself will be part of a separate contract. Raytheon in recent years has received a contract to upgrade the Patriot missile system is designed to intercept ballistic missiles.  "The Patriot system is an important element to provide missile defense capabilities and integrated with air superior to the protection of Taiwan," said Daniel Smith, director of Raytheon Integrated Defense Systems. "Raytheon has given leading technology, innovation and support in Taiwan for more than 40 years, and we feel honored to continue this partnership now and in the future."

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