Raytheon forms new subsidiary in the UAE

Abu Dhabi - US-based defence company Raytheon announced on Thursday that it has formed Raytheon Emirates, a new, wholly-owned subsidiary incorporated and headquartered in Abu Dhabi.

The development comes as the firm marked its 30-year anniversary of partnership with the UAE.

“The establishment of Raytheon Emirates is a strong step forward in our long-standing alliance with the United Arab Emirates,” said Thomas A Kennedy, Raytheon Company Chairman and CEO.

“Through partnerships with government, industry and academia, Raytheon is committed to helping the UAE achieve its economic goals while providing trusted, innovative solutions that support the nation’s defence and security requirements.”

The new subsidiary will oversee Raytheon’s operations in the Emirates by leveraging capabilities and resources in the fields of cybersecurity, effectors, air defence and sustainment, and advanced technology, and by applying Raytheon expertise, processes and systems to the development of human capital and locally-based suppliers.

Raytheon with 2016 sales of $24 billion and 63,000 employees, is specialised in defence, civil government and cybersecurity solutions. It is headquartered in Waltham, Massachusetts.

Raytheon Emirates is incorporated on Al Maryah Island, and plans are underway to establish operational branches in other areas of Abu Dhabi, according to a statement from the company.