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Friday, May 27, 2011

US Raytheon announces missile project worth nearly $4 bln for Turkey

Patriot PAC-3A US team led by Raytheon is hoping to win the international competition for Turkey’s long-range-missile and air-defense systems.

At least $2 billion of the project would be done by Turkish companies locally, says Mike Boots, Turkey Patriot program manager at Raytheon, implying that the price of the US systems could be around $4 billion.

The Turkish defense industry could earn benefits worth over $2 billion from Raytheon Co.'s contracts worldwide if a U.S. group that includes the firm wins a Turkish tender to help provide defense systems to the country.

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