Raytheon Co expects Qatar and the U.S. government to complete a long-awaited multibillion-dollar agreement on a "significant" number of Patriot missile defense systems before year end, a senior company official told Reuters on Tuesday. Tim Glaeser, vice president with Raytheon's integrated defense systems business, gave no exact details on the cost and number of Patriot batteries involved, but said he expected the two sides to reach a deal within the next four to eight weeks.Former Raytheon Chief Executive Bill Swanson had told analysts in January that he expected Qatar to finalize an order worth over $2 billion in the first half of 2014. But foreign military sales often take longer than expected to close.The Patriot sale to Qatar was part of a $23 billion weapons package announced by Qatar in March that includes Boeing Co attack helicopters and Javelin missiles built by a Raytheon-Lockheed Martin Corp joint venture.Qatar is beefing up its defenses to counter a growing perceived threat from Iran.
The Boeing Company (Boeing) is an aerospace company. Shares of BA fell by 2.17% or $-2.74/share to $123.52. In the past year, the shares have traded as low as $113.34 and as high as $144.57. On average, 4185090 shares of BA exchange hands on a given day and today's volume is recorded at 3027955.
Raytheon Company together with its subsidiaries, is a technology company specializing in defense, homeland security and other government markets worldwide. Shares of RTN fell by 2.46% or $-2.42/share to $95.98. In the past year, the shares have traded as low as $73.81 and as high as $103.51. On average, 1605010 shares of RTN exchange hands on a given day and today's volume is recorded at 1340371.
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