Raytheon sees big missile orders from GCC
Washington, October 24, 2013
US-based Raytheon sees "tremendous opportunities" for international bookings including large missile defence 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. – Reuters
More Miscellaneous Stories
- WTO overcomes last minute hitch to clinch key deal
- UAE food expo nets $544m deals
- Bleak outlook for WTO deal as rift widens
- Cargill picks top ME banker for Asia role
- Raytheon sees $5bn Mideast orders in 'weeks'
- Civil servants may get 20pc pay increase
- Bikers Cafe launched in Fujairah
- N Irish seafood firms eye Mideast market
- UAE experts warn of rising child abuse
- German pump specialist boosts ME presence