Raytheon Company (NYSE: RTN) today announced the completion of official commercial registration requirements for, and designated the official name of, its new Riyadh-based business unit: Raytheon Saudi Arabia. This milestone allows Raytheon Saudi Arabia to accelerate its localization strategy in support of the Kingdom’s Vision 2030. Earlier this year, Raytheon announced a Memo of Understanding with Saudi Arabia Military Industries.
"Commercial registration allows us to directly contribute to the Kingdom’s Vision 2030 by developing partnerships in Kingdom that will create desirable jobs for Saudis," said Kurt Amend, Chief Executive of Raytheon Saudi Arabia. “Raytheon Saudi Arabia is now officially a local Saudi company bringing Raytheon’s technology and innovation to the Kingdom.”
Additionally, Raytheon has named Ahmed Al Awad as leader of Government Relations and an officer of Raytheon Saudi Arabia and continues as Senior Business Development Manager for Raytheon International, Inc. He joined Raytheon in 2002 as a Government Relations Manager. Al Awad earned a Bachelor of Science degree from King Saud University.
Raytheon Saudi Arabia will be based in Riyadh and is expected to include in-country program management, supply and sourcing capabilities, improved customer access and centralized accountability. These programs will positively impact Saudi and U.S. economies including job creation.
