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During the second quarter of 2013, Raytheon (RTN) posted 10% year over year sales growth from the international market, which contributed 27% of its total sales. New orders, like a $275 million contract from Oman and Saudi Arabia for its missile system and a $93 million contract from Australia for in-service support, are helping the company diversify its client base.
The following orders are expected to help Raytheon sustain this revenue growth:
| Country | System Ordered | Deal Value |
| Qatar | Patriot Missile System | $2 billion |
| Kuwait | Patriot Missile System | $500 million- $700 million |
| Oman | Air defense system | $1 billion-$1.5 billion |
Based on these potential orders, Raytheon looks all set to increase its international revenue contribution from 26% in 2012 to 31% in 2013. This will also reduce its dependence on the U.S. government for new orders.
http://seekingalpha.com/article/1654...ce=google_news
http://seekingalpha.com/article/1654...ce=google_news
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