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Fri 31 Jan 2014 02:24 AM

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Raytheon sees $2bn Qatar missile deal finalised in H1

US defence firm says international orders will account for up to 40% of total sales this year

Raytheon sees $2bn Qatar missile deal finalised in H1
(Photo for illustrative purposes only)

Raytheon Co expects Qatar to finalise an order worth over $2 billion for a Patriot missile defense system in the first half of 2014, chief executive William Swanson told analysts on Thursday.

Swanson said international bookings would account for 35 percent to 40 percent of total bookings in 2014, or about 30 percent of total sales.

He said sales were expected to remain strong in the Middle East and Asia, but there could also be new orders from Europe and Australia in two or three years.

Last week, Raytheon said it has received a direct commercial sales contract from Oman for the National Advanced Surface-to-Air Missile System (NASAMS).

The award, valued at $1.28 billion, includes ground support equipment, a full training package, and technical assistance, a statement said.

Swanson visited the Gulf region late last year, including stops in Qatar, Oman, Kuwait and Saudi Arabia, where he met with senior leaders about an array of missile defence deals and other orders.