ABU DHABI, United Arab
Emirates, Dec. 7, 2017
/PRNewswire/ -- Raytheon Company (NYSE: RTN) marked its
30-year anniversary of partnership with the United Arab Emirates by announcing it has
formed Raytheon Emirates, a new, wholly owned subsidiary
incorporated and headquartered in Abu
Dhabi.
The creation of Raytheon Emirates supports the Abu Dhabi
Economic Vision 2030 by forming an aerospace and defense business
that fosters cyber-secure digital transformation, contributes to
the nation's economic diversification, and employs a highly
skilled, highly productive Emirati workforce.
"The establishment of Raytheon Emirates is a strong step forward
in our longstanding alliance with the United Arab Emirates," said Thomas A. Kennedy, Raytheon Company Chairman and
CEO. "Through partnerships with government, industry and academia,
Raytheon is committed to helping the UAE achieve its economic goals
while providing trusted, innovative solutions that support the
nation's defense and security requirements."
The new subsidiary will oversee Raytheon's operations in the
Emirates by leveraging capabilities and resources in the fields of
cybersecurity, effectors, air defense and sustainment, and advanced
technology, and by applying Raytheon expertise, processes and
systems to the development of human capital and locally based
suppliers.
"We are focused on expanding the capabilities of Raytheon and
its business partners in the UAE by emphasizing local hiring and
talent development, cultivating a strong supplier base, and
developing new technology solutions," said John Brauneis, who was named chief executive of
Raytheon Emirates.
Raytheon Emirates is incorporated on Al
Maryah Island, and plans are underway to establish
operational branches in other areas of Abu Dhabi.
About Raytheon
Raytheon Company, with 2016 sales
of $24 billion and 63,000 employees,
is a technology and innovation leader specializing in defense,
civil government and cybersecurity solutions. With a history of
innovation spanning 95 years, Raytheon provides state-of-the-art
electronics, mission systems integration, C5ITM products
and services, sensing, effects, and mission support for customers
in more than 80 countries. Raytheon is headquartered in
Waltham, Massachusetts. Follow us
on Twitter.
www.raytheon.com
Media Contact
Dave
Desilets
+1.781.522.5855
corporatepr@raytheon.com
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SOURCE Raytheon Company