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Raytheon Eyes $5B in Defense Sales from Middle East; William Swanson, Dave Wajsgras Comment

William Swanson
William Swanson

Raytheon Co. (NYSE: RTN) looks to close defense-related transactions worth between $4 billion and $5 billion with Middle East countries within weeks, Reuters reported Tuesday.

Andrea Shalal-Esa writes CEO William Swanson spoke with leaders from Qatar, Oman, Kuwait and Saudi Arabia about missile defense orders.

Swanson told an investor conference that missile defense is in demand across the region and that Raytheon discussed with customers about ways to boost missile systems, according to the report.

Raytheon CFO Dave Wajsgras also told the conference international clients represent 30 percent of the company’s 2013 bookings and foreign sales account for 20 percent of revenue, Reuters reports.

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