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Raytheon Clinches ‘Must Win’ U.S. Contract for New Patriot Radar

Patriot missile systems of the Bundeswehr Air Force in Germany, Aug. 2019.
Patriot missile systems of the Bundeswehr Air Force in Germany, Aug. 2019.Photographer: Jens Bttner/picture alliance via Getty Images

Raytheon Co. has won a U.S. Army contest to provide a new radar system for Patriot missiles, beating out Lockheed Martin Corp. and Northrop Grumman Corp., said people familiar with the matter.

The Army is set to announce the deal as early as Thursday, said one of the people, who asked not to be named because the decision is still private. The firm fixed-price contract is initially set at about $384 million.