VOL. XL

No. 48

1-December-1997

KUWAIT

Kuwait Approves Participation Of Raytheon In Projected Aluminum Smelter

The Kuwait Offset Program of the Ministry of Finance has approved the participation ofRaytheon of the US in the planned $1.2bn, 230,000 tons/year aluminum smelter to beconstructed in Kuwait. Raytheon's participation in the project will be part of itsinvestment commitment under Kuwait's offset program for the sale to Kuwait of Patriotair-defense missiles and launchers. Under the offset...