Saudi Arabia gave two contracts to Raytheon [RTN] totaling more than $100 million for air defense missile systems and other work.
One pact involves a multi-year deal for Raytheon to continue providing technical, training and logistics support from this year through 2009 for Saudi Patriot and Hawk air defense systems.
The other is a contract extension to provide local support services this year.
Patriot is a combat-proven air and missile defense system capable of simultaneously engaging and destroying threat aircraft, cruise missiles, unmanned aerial vehicles and tactical ballistic missiles.
Complementing the Patriot system, the Hawk system provides robust low-to-medium altitude air defense against a wide range of air-breathing threats including cruise missiles.