INTRACOM DEFENSE (IDE) extends its cooperation with US based Raytheon Technologies in the manufacturing of subsystems for the PATRIOT air defense system, as well as the provision of spare parts & engineering services, with the signature of multiple new contracts.
The new works assignment to IDE is worth of USD 58.6 million, is scheduled to be completed within 2022 and extends even further the long lasting and very successful cooperation of the two companies in the coproduction and support of PATRIOT systems worldwide. In the framework of this successful cooperation, IDE was honored with a performance award from Raytheon’s Integrated Defense Systems for its exceptional performance, quality and on-time deliveries. Raytheon’s Integrated Defense Systems business has instituted the annual Supplier Excellence Awards program, to recognize suppliers with outstanding service and partnership in exceeding customer requirements. Award candidates are judged on certain criteria, including overall quality and on-time delivery. IDE was one of the 34 companies recognized by Raytheon’s Integrated Defense Systems business for 3-Star honors.