Saudi signs $600 million defence contract
Raytheon Company, a major American defence contractor and industrial corporation, has clinched a contract worth over $600 million for delivery of a command, control, communications, computers and intelligence (C4I) system to Saudi Arabia.
The contract was awarded to Raytheon's Network Centric Systems business as a direct commercial sale by the Saudi Ministry of Defence, said a statement from the company.
As per the deal, Raytheon will provide a national, strategic C4I system with capabilities for joint service co-ordination, it added.
Commenting on the win, a company spokesperson said, "Extending over four decades of co-operation, Raytheon values its continuing partnership with the Kingdom and is proud to have been selected to implement this essential system."
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue
- Getting there: Chinese group wins $600 million Egypt rail contract
- Dubai's SMC Networks clinches $1.3 million Saudi networking contract
- Kongsberg Defence Communications wins contract in Oman
- Ericsson, Lucent win $600-million telecoms contract in Saudi
- Kongsberg Defence Communications wins contract in Kuwait