InfoAnda - UAE buys U.S. missiles in $3.3 billion deal: report

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My Profile Holiday Gift Guide Gift ideas & reviews for this holiday season Start Browsing You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters You Witness News Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters UAE buys U.S. missiles in $3.3 billion deal: report Sat Dec 20, 2008 2:04am EST Email | Print | Share | Reprints | Single Page [-] Text [+] DUBAI (Reuters) - Iran's Gulf neighbor, the United Arab Emirates, has signed a deal worth $3.3 billion to buy missiles from U.S. firm Raytheon, a newspaper reported on Saturday. The U.S. Defense Department said in September it had proposed the sale of air defense systems and helicopters to the UAE with a total potential value of more than $9 billion. The main item in the Pentagon-proposed package was Terminal High Altitude Area Defense, or THAAD, worth up to $7 billion. The system is built by Lockheed Martin Corp with a system radar from Raytheon Co. The National, an Abu Dhabi based-newspaper, said the deal was to buy Patriot missiles. The proposed package included up to $121 million for Patriot Advanced Capability-3 Missile Systems from Raytheon and Lockheed Martin. "The agreement ... includes technology, training and supply of the medium-range missile system, which is part of a multi-tiered defensive shield the UAE Armed Forces is building to protect the nation from perceived threats in the region," it said. Gulf Arab nations have voiced concern over Iran's nuclear program and urged a peaceful solution to a standoff between Tehran and Washington over the Iranian atomic plans. The United States accuses Iran of planning to build a nuclear weapon. Tehran says its program is to generate energy. The tension has raised concern in the region of a military confrontation between Tehran and Washington. In recent years, the UAE has acquired advanced weapons systems from several countries, including the United States. (Reporting by Inal Ersan) © Thomson Reuters 2008 All rights reserved Share: Del.icio.us Digg Mixx My Web Facebook LinkedIn Next Article: China says will aid Taiwan in economic slump Also on Reuters Bash Bush site sells on eBay in four days Slideshow Slideshow: Ritual to manhood in Malaysia Shocking study finds most will torture if ordered Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Recommended Don't destabilize Russia, Putin warns foes Obama's new pastor controversy -- at inauguration U.N. divided over gay rights declaration Madoff scandal stuns Palm Beach Jewish community Mother of Bristol Palin's fiance arrested Shocking study finds most will torture if ordered Japanese group asks Google to stop map service Bush throws lifeline to automakers | Video Madoff victims could turn to tax code for relief Record low mortgage rates toss housing a lifeline | Video Most Popular Articles RSS Feed Video Bush ducks flying shoes Obama fills out cabinet list Blagojevich: I am not guilty Auto industry gets lifeline Illinois Governor arrested Bush shoe throwing game sold on eBay Sketches behind da Vinci painting West not best says Indian PM Automakers get bailout Zimbabwe deadlock deepens Most Popular Videos RSS Feed Reuters Deals The global destination for corporate leaders, deal-makers and innovators Knowledge to Act Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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