Raytheon selected for $1.5 billion ground-based air defense systemStaff Writer | April 10, 2017
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).
Defense Defence Minister Marise Payne:
"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. ■