US Defence contractor Raytheon is setting up a new subsidiary in Abu Dhabi, the company has announced.
The establishment of Raytheon Emirates, wholly owned by the parent company based in Massachusetts, comes on the back of a $680 million (AED2.5bn) deal with the UAE armed forces for the purchase of GBU-12 and GBU-10 bombs materials and equipment.
Through its subsidiary on Al Maryah Island, Raytheon will deliver air defence works as well as cybersecurity and advanced technology capabilities. The company also plans to hire local talent to man its offices and will also open more operational branches in other parts of Abu Dhabi.
“Raytheon Emirates is a strong step forward in our longstanding alliance with the United Arab Emirates,” said Thomas A. Kennedy, Raytheon chairman and CEO. “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.”
Raytheon’s announcement builds a 30-year history of contracts it has delivered on to the UAE.
“We are focused on cultivating a strong supplier base, and developing new technology solutions,” said John Brauneis, who was named chief executive of Raytheon Emirates.
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