Raytheon Company (RTN) announced the company has formed Raytheon Emirates, a new, wholly owned subsidiary incorporated and headquartered in Abu Dhabi.
"The establishment of Raytheon Emirates is a strong step forward in our long standing alliance with UAE", said Thomas 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".
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Brauneis said the subsidiary aims to help expand its parent company's footprint in UAE through local hiring, talent development, supplier base cultivation and technology development efforts.
John Brauneis, in addition to being the vice-president of supply chain management for Raytheon Missile Systems, has been appointed the chief executive of Raytheon Emirates.
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The UAE Armed Forces traditionally rely mostly on western defense technology.
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