Factbox: NATO summit highlights defense deals for RTX, Boeing and others

Leonardo DRS

12/07/2024 24:22

WASHINGTON, July 11 (Reuters) - The NATO summit in
Washington showcased a series of significant deals for top U.S.
defense companies and others, including RTX  RTX.N , Lockheed
Martin  LMT.N , Boeing  BA.N , Norway's Kongsberg Defense
 KOG.OL  and Sweden's SAAB  SAABb.ST .    
    Here are some of the weapons procurements that were
highlighted, many of which have been in development for months,
if not years. Many date to before the summit, with the exception
of the Stinger contract which was first publicly announced at
the summit.
    
HIGHLIGHTED DEALS
    • A $680 million contract for 940 Stinger missiles made by
the Raytheon unit of RTX  RTX.N . Shoulder-fired Stingers have
been in hot demand in Ukraine, where they have successfully
stopped Russian assaults from the air. Neighboring European
countries have sought the weapon, fearing they may also need to
beat back Russian forces.
    • Patriot GEM-T missiles, made by COMLOG, a joint venture
between RTX's Raytheon and MBDA valued at $5.5 billion. NATO in
January said its procurement arm would support a group of member
countries, including Germany, the Netherlands, Romania and
Spain, with a contract to buy up to 1,000 Patriot air defense
missiles.
    • 155 mm artillery shell components, made by various
companies including General Dynamics  GD.N , valued at $365
million, have been ordered. The most pressing need for Ukraine
two years after Russia's full-scale invasion is artillery
ammunition, much of which has been supplied by the U.S. and
other NATO members.
    • An extension program for NATO's AWACS airborne radar for
$1.2 billion that is being built by Boeing, Italy's Leonardo
 DRS.O , Spain's Indra, Airbus  AIR.PA , Thales  TCFP.PA ,
Jacobs, and Kongsberg.

HIGHLIGHTED CO-PRODUCTION AGREEMENTS
    • Norway's Nammo and RTX's Raytheon business unit agreed to
partner to build rocket motors. These engines have become a hot
commodity to propel a wide range of rockets and missiles in
Ukraine and for future weaponry across NATO. 
    • The Ground Launched Small-Diameter Bomb (GLSDB) produced
by SAAB and Boeing has been used successfully in Ukraine.
    • Portions of interceptors for Lockheed Martin's Patriot
missile defense system will be produced by Poland's Wojskowe
Zakłady Elektroniczne. The United States this week also
announced a second $2 billion foreign military financing direct
loan deal with Poland as part of a major modernization program
that will include buying U.S. defense equipment.
    • Kongsberg and RTX's Raytheon business unit are working to
improve the National Advanced Surface-to-Air Missile System,
also called NASAMs. Originally announced in October 2023, NASAMs
have become an important part of missile defense in Ukraine.

 (Reporting by Mike Stone in Washington; Editing by Jamie Freed)
 ((mike.stone1@thomsonreuters.com; https://twitter.com/MichaelStone;))