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Raytheon lands $2 billion Patriot missile sale

A Patriot missile launcher sat on display at the entrance to Raytheon's Integrated Air Defense Center in Andover.John Tlumacki/Globe Staff/File/Globe Staff

Waltham defense giant Raytheon Co. has agreed to sell $2 billion of Patriot missile-defense systems to an undisclosed foreign buyer.

The contract, including new Patriot launching systems, other equipment, and training services, was awarded on April 2, the company said Friday. Including this contract, Raytheon has received $5 billion in Patriot orders since late last year, according to Daniel J. Crowley, a Raytheon executive.

“In the past five months, Qatar, Korea, and now this international partner have all chosen Raytheon’s Global Patriot solution because they have confidence in the world’s most advanced air and missile defense system,” Crowley said in a statement.

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Raytheon has made sales to undisclosed customers in the past, including GPS anti-jamming systems and surface-to-air missiles. About 30 percent of Raytheon’s sales are to other countries, according to its most recent annual report, and 15 percent of its global sales in 2014 were classified.

The company’s stock closed at $107.72 Friday, down 1.11 percent from the previous day’s close.

Raytheon says it has 61,000 employees worldwide and recorded $23 billion in sales last year.


Jack Newsham can be reached at jack.newsham@globe.com. Follow him on Twitter @TheNewsHam.