Morocco signs military agreement worth $38 million with US company Raytheon

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Thursday 12 Nov 2015 - 13:47 Makkah mean time-30-1-1437 Pic: Morocco World News Rabat (IINA) – Morocco signed an agreement worth $38 million with U.S. military company Raytheon Co., McKinney under which Morocco will receive 200 thermal receiver units, Morocco World News reported. The agreement has been authorized by the Defense Security Cooperation Agency (DSCA), the only authorized agency in the US to agree to such deals, according to U.S. Department of Defense. “Raytheon Co., McKinney, located in Texas, was awarded a $38,157,300 firm-fixed-price foreign military sales contract (to Morocco) for 200 thermal receiver units” underlined the same source. Work will be performed in McKinney, Texas, and Morocco should receive the units at an estimated completion date of August 27, 2017. Raytheon Company, with sales of $23 billion in 2014 and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cyber security markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services Raytheon has already produced AIM-9X Block II Missiles for Morocco and other Arab countries for a total of $227 Million. AB/IINA