Raytheon win $523m Kuwait defence contract

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Raytheon win $523m Kuwait defence contract

Raytheon Company, the US-based technology and innovation leader, has landed a $523 million contract from the US Army for the upgrade of Kuwait’s Patriot Air and Missile Defence Systems.

With this upgrade, Kuwait will be able to better protect its cities and key infrastructure against ballistic missiles, aircraft and other airborne threats.

The contract was announced by the US Department of Defense on June 23.

“Kuwait and other members of the 13-nation strong Patriot Partnership continue to invest in the system and trust Patriot to defend their citizens and militaries,” remarked Ralph Acaba, Raytheon vice president of Integrated Air and Missile Defense.

“Patriot is the only system in the world that is combat-proven and designed to outpace the future threat through continuous evolution,” he added.

The Kuwaiti upgrades, known as Configuration 3+, are an example of the evolutionary approach used to upgrade Patriot.

The Kuwaiti Configuration 3+ Patriots will have enhanced capability against a variety of threats, an improved Identification Friend or Foe capability and improved radar search, it added.

Source: www.tradearabia.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.