After initial fears that the year-end deadline to sign the LOA would pass, the agreement is finally inked
Raytheon has signed a US$685.7 million Foreign Military Sales (FMS) contract to provide two additional new fire units of the combat-proven Patriot Air and Missile Defense System for Taiwan, the company announced.
In a press release last week, the defense contractor said the fire units would feature new advanced technology, improved man-machine interface and reduced life cycle costs.
In 2008, Raytheon was awarded a contract to upgrade Taiwan’s existing Patriot Advanced Capability-2 (PAC-2) systems, followed by a second one in 2009 for new systems. The first PAC-3 upgraded radar system was delivered to Taiwan earlier this year, 10 months ahead of the original program plan requested by the Taiwanese Air Force.
The new fire units were part of the US$6.4 billion arms package agreed by the administration of US President Barack Obama in January last year.
My article, published today in the Taipei Times, continues here.