Extension of Long Lasting Cooperation between IDE and RAYTHEON for PATRIOT Systems

INTRACOM DEFENSE (IDE) extends its cooperation with US based Raytheon company in the manufacturing of Major End Items for the PATRIOT air defense system with the signature of a new contract.

The new work allocated to IDE is worth USD 10.8 million, is scheduled to be completed within 2022 and further extends the long lasting and very successful cooperation of the two companies in the coproduction of PATRIOT systems. According to IDE’s policy, significant part of the work will be allocated to other Greek companies, thus positively contributing in the financial support of the country and in the strengthening of the defense industries of Greece.

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