Raytheon, Thales Radar Joint Venture Gets
Nod
Raytheon and Thales have received regulatory approval to establish
a joint venture closely linking their air defense operations,
making it the largest company in this business.
Executives from both companies will announce here today that the
creation of Thales-Raytheon Systems will move forward. The JV
will be headquartered with a presence in Fullerton and El Segundo,
California.
Long-time competitors, the two radar and military electronics powerhouses
will cooperatively develop and market air defense technologies.
The arrangement is expected to grow over time.
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