U.S. And Poland Agree To A $10.5 Billion Missile Defense System Deal

Reuters: Raytheon gets OK for $10.5 billion Patriot sale to Poland: Pentagon

(Reuters) - The U.S. State Department approved a possible $10.5 billion sale of Raytheon Co’s (RTN.N) Patriot missile defense system to Poland, the Pentagon said on Friday.

NATO member Poland has sped up efforts to overhaul its military following Russia’s annexation of Ukraine’s Crimea peninsula in 2014 and in response to Moscow’s renewed military and political assertiveness in the region.

Defense Minister Antoni Macierewicz said in March that Poland expected to sign a deal with Raytheon to buy the Patriot missile defense system by the end of the year.

Patriot missile defense interceptors are designed to detect, track and engage unmanned aerial vehicles (UAVs), cruise missiles and short-range or tactical ballistic missiles.

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Raytheon gets OK for $10.5 billion Patriot sale to Poland: Pentagon -- Reuters
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