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Raytheon Gets $100M in Saudi Contracts - ASHARQ AL-AWSAT English Archive
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TEWKSBURY, Mass. (AP) — Military contractor Raytheon Co. said Wednesday it received two contracts from Saudi Arabia worth more than $100 million in total.

One of the contracts covers technical, training and logistics support through 2009 on the country’s Patriot and Hawk air defense systems. The other extends an existing contract to provide local support services in 2007.

Raytheon shares fell 35 cents to $63.66 in early trading.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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