ECONOMY

US arms contractor Raytheon announces Saudi deal to launch Arab operation

Raytheon's Arab operation will develop smart weapons and air defense systems in Saudi Arabia. (Shutterstock)

US defense contractor Raytheon has announced partnership with Saudi military industries to create an Arabia business unit.

Raytheon's Arab operation will develop smart weapons and air defense systems, aerospace and security capabilities in Saudi Arabia.

The announcement was made on Saturday amid a CEO business forum in Riyadh that corresponded with US President Donald Trump’s visit to the kingdom, focused on enhancing defense ties.

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Last Update: Saturday, 20 May 2017 KSA 17:59 - GMT 14:59
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