Raytheon Company Lands $1.28 Billion Foreign Arms Sale

Raytheon (NYSE: RTN  ) has agreed to sell the Sultanate of Oman a ground-based air defense system worth $1.28 billion, the company announced Thursday.

The National Advanced Surface-to-Air Missile System (NASAMS), which Raytheon describes as "a highly adaptable mid-range... state-of-the-art defense system" equally capable of shooting down hostile aircraft, unmanned aerial vehicles, and missiles, is the same system that protects Washington, D.C. from air attacks. Finland, Norway, The Netherlands, Spain, and a fifth country (which prefers not to publicize its possession of the system), also use NASAMS for their national defense.

In addition to NASAMS per se, Raytheon says it is also providing Oman ground support equipment, a full training package, and technical assistance necessary to operate the system. 


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  • Report this Comment On January 25, 2014, at 1:54 PM, TheBish wrote:

    How very patriotic of this very Republican backed company. It is all about money folks.

  • Report this Comment On January 25, 2014, at 4:18 PM, TheReality wrote:

    NASAMS was purchased from Norway, it was not developed by Raytheon, they just own it now. How do I know? I was one of the first few soldiers who helped emplace NASAMS in DC. We also took training classes from Norwegian instructors. My point is, to Mr. 'TheBish', this has nothing to do with patriotism, because it is not American technology in the first place.

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