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Raytheon Eyes Defense Tech Development, Capability Building in Saudi Arabia

TYSONS CORNER, VA, May 23, 2017 — Raytheon (NYSE: RTN) has entered into a partnership with state-owned Saudi Arabia Military Industries Company to pursue joint defense and technology development projects in areas such as smart munitions and defense systems cybersecurity, ExecutiveBiz reported Monday.

The U.S. defense contractor said Saturday it will also launch the Raytheon Arabia subsidiary in Riyadh that will focus on the creation of in-country capabilities in defense, aerospace and security.

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