Raytheon Company is in final negotiations to sell an air-defense system to Oman, a significant deal that would help keep the company's international sales strong in 2013, Chief Financial Officer David Wajsgras told analysts on Thursday 25 July 2013.
The Sultanate of Oman and the United States have announced a deal for the acquisition of a ground based air-defense system from U.S. manufacturer Raytheon. Secretary Kerry visited Oman on May 22, during his Middle East and Africa Tour.
The deal was announced during a reception for Secretary of State John Kerry by Sayyid Badr bin Saud bin Harib Al Busaidi, Oman’s Minister Responsible for Defense Affairs (Photo).
Secretary Kerry then said: “President Obama and the United States are very grateful for the role that Oman plays in the region as an important force for peace and stability.”
Minister Busaidi said the system will contribute to the defense strategy of the countries of the Gulf Cooperation Council (GCC).
The Oman sale is valued at around $1.5 billion.
Raytheon Chief Executive Bill Swanson said on the company's earnings call that Raytheon is also making good progress on several other large international sales, including missile defense systems to Qatar and Kuwait.
Source: Reuters; AFP - Image via U.S. State Department