Raytheon Company marked its 30-year anniversary of partnership with the UAE by announcing the formation of Raytheon Emirates, a new, wholly owned subsidiary incorporated and headquartered in Abu Dhabi.
Raytheon Company is a technology and innovation leader specialising in defence and cybersecurity solutions.
The creation of Raytheon Emirates supports the Abu Dhabi Economic Vision 2030 by forming an aerospace and defence business that fosters cyber-secure digital transformation, contributes to the nation's economic diversification, and employs a highly skilled, highly productive Emirati workforce.
Thomas A Kennedy, chairman and CEO, Raytheon Company, said: “The establishment of Raytheon Emirates is a strong step forward in our longstanding alliance with the UAE.”
“Through partnerships with government, industry and academia, Raytheon is committed to helping the UAE achieve its economic goals while providing trusted, innovative solutions that support the nation's defence and security requirements,” he said.
The new subsidiary will oversee Raytheon's operations in the Emirates by leveraging capabilities and resources in the fields of cybersecurity, effectors, air defence and sustainment, and advanced technology, and by applying Raytheon expertise, processes and systems to the development of human capital and locally based suppliers.
John Brauneis, chief executive of Raytheon Emirates, said: “We are focused on expanding the capabilities of our company and its business partners in the UAE by emphasising local hiring and talent development, cultivating a strong supplier base, and developing new technology solutions.”
Raytheon Emirates is incorporated on Al Maryah Island, and plans are underway to establish operational branches in other areas of Abu Dhabi. – TradeArabia News Service