US Defence contractor Raytheon is setting up a new subsidiary in Abu Dhabi, the company has announced. The establishment of Raytheon Emirates, wholly owned by the parent company based in Massachusetts, comes on the back of a USD680mn (AED2.5bn) deal with the UAE armed forces for the purchase of GBU-12 and GBU-10 bombs materials and equipment. Through its subsidiary on Al Maryah Island, Raytheon will deliver air defence works as well as cybersecurity and advanced technology capabilities. The company also plans to hire local talent to man its offices and will also open more operational branches in other parts of Abu Dhabi.
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