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Fri 26 Jul 2013 11:19 AM

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US defence firm closes in on $1.5bn Oman sale

Raytheon senior exec says 'significant deal' will help keep international sales strong in 2013

US defence firm closes in on $1.5bn Oman sale
(Photo for illustrative purposes only)

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.