The Chinese firm which won a provisional $3.4 billion bid to build a missile defence system for Turkey has not yet met all the conditions of the tender and Ankara may consider alternative offers, officials said.A Russian bid has been revised but remains far higher than other offers, Turkish officials told Reuters late on Tuesday on condition of anonymity.Awarding the tender to Russia would do little to ally concerns voiced by Turkey's Western allies when Ankara said in September it had chosen China's FD-2000 missile defence system.It was chosen over rival offers from U.S. manufacturer Raytheon Co and Eurosam, which is owned by Franco-Italian missile maker MBDA and France's Thales.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide. Shares of RTN traded higher by 1.92% or $1.84/share to $97.79. In the past year, the shares have traded as low as $63.00 and as high as $102.33. On average, 1956660 shares of RTN exchange hands on a given day and today's volume is recorded at 2069598.
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