Raytheon Co is in final negotiations to sell an air-defence system to Oman, a significant deal that would help keep the company's international sales strong in 2013, chief financial officer David Wajsgras told analysts on Thursday.
US Secretary of State John Kerry flew to Oman in May for Raytheon's signing of an arms deal to purchase a ground-based air defense system that would help protect against cruise missile, drone or fighter aircraft attacks.
The Oman sale is valued at around $1.5bn.
Raytheon chief executive Bill Swanson said on the company's earnings call that Raytheon is also making good progress on several other large international sales, including missile defense systems to Qatar and Kuwait.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.
Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.