Report Doubts Effectiveness Of Raytheon’s Patriot In Recent Attack
President Trump and Saudi Arabia praised Raytheon‘s (RTN) Patriot system for shooting down a Scud missile launched by the Houthi rebel group in Yemen last month. But a new report puts the Patriot’s effectiveness in doubt.
X Missile experts told the New York Times that it’s likely none of the five Patriot defense batteries hit the Scud missile. Instead, the missile probably traveled over the missile defense system’s interceptors and fell apart on its own, near Riyadh’s airport.
“You shoot five times at this missile and they all miss? That’s shocking,” Laura Grego, a missile expert at the Union of Concerned Scientists, told the New York Times. “That’s shocking because this system is supposed to work.
Raytheon didn’t immediately have a response to the report.
Shares closed down 0.7% at 185.54 on the stock market today. Lockheed Martin (LMT), which is looking to sell its Terminal High Altitude Area Defense system to Saudi Arabia, finished 0.6% lower.
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Patriot systems were used during the first Gulf War, but subsequent analyses questioned the success rate back then, the New York Times report noted.
As tensions rise with Yemen and Iran, Saudi Arabia has been shopping around for missile defense systems.
In addition to Lockheed’s THAAD, the kingdom is also looking to buy Russia’s advanced S-400 system.
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