Raytheon, a US-based defence contractor, has received a $170m contract to produce air-to-surface missiles for the UAE, according to a report in the Defense Industry Daily trade website.
The report says that the sales contract is through the US Armed Forces and is to produce AGM-65D and AGM-65G2 infrared-guided Maverick air-to-surface missiles for the UAE.
AGM-65 rose missiles became prominent during the Desert Storm operation during the Gulf War and are used by air, naval and marine forces in 33 countries. They have a 93 percent success rate and are most effective at night or in bad weather.
Last year, the UAE said it was determined to modernise its armed forces and has already signed deals worth nearly $4bn with major US defense firms, including Raytheon.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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