Tim Glaeser, a vice president at RaytheonÂ (NYSE: RTN), expectsÂ the governments of U.S. andÂ Qatar to reach an agreement by the end of the year for Qatar to purchase a Patriot missile defense system from the U.S. through a foreign military sales agreement, Reuters reported Tuesday.
Glaeser, vice president ofÂ Raytheon’s integrated defense systems business, told Reuters’ Andrea Shalal that he expects the dealÂ to close within the next four to eight weeks.
Qatar plans to acquireÂ Patriot systems, Â Boeing (NYSE: BA)-built attack helicopters andÂ Raytheon-Lockheed Martin (NYSE: LMT)-built Javelin missiles under a larger $23 billion weapons deal, Shalal reports.
Reuters reports Qatar wants to bolsterÂ its defense systems in order to counter threats from Iran.
Glaeser also told the news agencyÂ thatÂ Raytheon eyes a separate Patriot system dealÂ with Saudi Arabia under a commercial sale agreement.