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RAYTHEON AND DIEHL SET UP JV

13 Jan 04. The Ft reported that Raytheon and Diehl are setting up a US-German defence joint venture in a move to market air-to-air missiles on an international level.

The new venture named Diehl Raytheon Missile Company will have its base in Ü berlingen near Lake Constance in Germany. Raytheon, the US’s biggest guided missiles contractor, and Diehl, the German medium-sized defence and technology group, are focusing the venture on marketing and modernising Sidewinder missiles. Diehl hopes to extend its distribution network for sidewinder missiles to new Nato member states in eastern Europe or the Middle East. Gerhard Hegmann, Munich

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