POST Online Media Lite Edition


Raytheon selected for $1.5 billion ground-based air defense system

Staff Writer |
The Australian government selected U.S.-based defense contractor Raytheon Co as the sole bidder for a ground-based air defense system contract worth up to A$2 billion ($1.50 billion).

Article continues below

The surface-to-air missile system will replace the country's 30-year-old short-range capability, which is due to be retired by early next decade, Defence Minister Marise Payne said in a statement.

"A modern and integrated ground-based air defense system is needed to protect our deployed forces from increasingly sophisticated air threats, both globally and within our region," Payne said.

Australia, a staunch U.S. ally, last year committed to increase defense spending by nearly A$30 billion over the next 10 years at a time when China's economic and military power is growing throughout the Asia-Pacific region.

Australia has been streamlining its military tendering process to more quickly acquire equipment.

Raytheon Australia will receive a single supplier limited request for tender (RFT) for the ground-based air defense system by the end of June, the government said.

What to read next

Raytheon and Vista Equity create cybersecurity JV
Raytheon and Boeing to work together for Saudi Air Force
Raytheon to get $2 billion for Patriot from mystery customer