Raytheon’s New Saudi JV Part of International Defense Expansion
ExecutiveBiz | Lucien Zeigler | 7.13.12
Uncertainty about future U.S. defense budgets is incentivizing domestic defense contractors to expand their international operations, Bloomberg reports.
Rick Yuse, Raytheon Co.‘s space and airborne systems division president, recently told AOL Defense that the unit is looking to grow business throughout Asia-Pacific and the Middle East.
Raytheon recently formed a new joint venture with a subsidiary of Saudi Arabia-based Atheeb Trading Co. Ltd, a company Raytheon has work with for more than 20 years, according to a post on the U.S.-Saudi Aribian Business Council’s webpage.