Raytheon Waits For South Korean Decision On Patriot Deal

By John Liang / February 15, 2002 at 5:00 AM
NEW YORK -- Raytheon is still waiting for the South Korean government to decide whether it wants to buy Patriot PAC-2 missiles, the company's chairman and chief executive officer said this week. The sale is "not in our control," Dan Burnham told attendees of an aerospace and defense investment conference here sponsored by SG Cowen. "I think I said at the end of the third quarter (of 2001) that we'd know by the end of the fourth quarter . ...

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