Raytheon Wins $1.3B Oman Missile Sale

Raytheon logoRaytheon (NYSE: RTN) has been awarded a $1.28 billion contract to provide a ground-based air defense system to Oman under a direct commercial sale transaction.

The order was booked during the fourth quarter of 2013 and includes training, support equipment and technical services, Raytheon said Thursday.

Raytheon has partnered with Norwegian defense company Kongsberg for Oman’s National Advanced Surface-to-Air Missile System program.

Contract work will take place in Andover, Mass. and Kongsberg, Norway.

NASAMS is part of Raytheon’s portfolio of integrated air and missile defense offerings and is designed to integrate with the Patriot and Hawk systems.

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