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
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