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Raytheon forms UAE subsidiary

Raytheon Co. has established Raytheon Emirates, a new wholly owned subsidiary headquartered in Abu Dhabi.

John Brauneis was named CEO of the unit, which will oversee Raytheon's operations in the United Arab Emirates "by leveraging capabilities and resources in the fields of cybersecurity, effectors, air defense and sustainment, and advanced technology," the company said.

Plans are underway to create operational branches in other areas of Abu Dhabi, according to Raytheon.