Raytheon Sees Big Missile Orders from Kuwait, Oman, Qatar

Reuters25.10.2013 Kuwait
Raytheon Sees Big Missile Orders from Kuwait, Oman, Qatar

Raytheon Sees Big Missile Orders from Kuwait, Oman, Qatar

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US-based Raytheon sees “tremendous opportunities” for international bookings including large missile defense orders from Kuwait, Oman and Qatar before the end of the year, its Chief Financial Officer said.

The company is hopeful that U.S. lawmakers will resolve the U.S. budget crisis in coming months, Dave Wasjgras said in a telephone interview on Thursday.

Wasjgras said he is fairly confident about Raytheon's overall business outlook as it closes out 2013, and noted that mandatory military budget cuts required under sequestration were not hitting the defense industry as quickly as initially expected.

Raytheon also remains confident that it will prevail in two separate protest actions filed against recent large contract awards it won from the Navy, he said.

With 2012 sales of $24 billion and 68,000 employees worldwide, Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world.

With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Massachusetts.


Source: Reuters



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