Report: UAE to Buy $684M in Raytheon-Built Laser Guided Bombs

The United Arab Emirates will purchase laser guided bombs from Raytheon (NYSE: RTN) under a $684.4 million deal, Reuters reported Tuesday.

The agreement announced at the Dubai Airshow Tuesday includes Raytheon-built GBU-10 and GBU-12 Paveway bomb kits.

The deal came days after UAE awarded Lockheed Martin (NYSE: LMT) a potential $1.6 billion order to update the country’s fleet of F-16 fighter jets.

UAE also received approval from the State Department in May to buy Patriot missile systems from Raytheon and Lockheed under a potential $2 billion agreement.

The Middle Eastern country’s military also announced an artillery procurement agreement with Germany-based Rheinmetall and plans to ink a deal with Thales and Dassault to modernize its fleet of its 75 Mirage 2000-9 planes, the report added.

Check Also

KBR

KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.

DLA

DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.