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Raytheon Inks Deal With Jenoptik Group Unit To Cooperate On Germany’s Air Defense Architecture

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Raytheon Inks Deal With Jenoptik Group Unit To Cooperate On Germany’s Air Defense Architecture
Patriot Launcher Photo: Raytheon.

Raytheon [RTN] and Germany's Lechmotoren, a company of the Jenoptik Group, signed a Letter of Intent Monday to cooperate in mutually beneficial business opportunities related to Germany's air defense architecture, as well as significant exports to global markets. The companies will examine opportunities in current international projects with Jenoptik state-of-the-art equipment. Jenoptik presented a prototype of their next generation technologies such as the new Jenoptik Patriot Hybrid Power Supply to Raytheon and Bavarian members of parliament, which initiated discussions about…

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