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FINANCIAL NEWS
Raytheon could combat pollution in the Gulf
11 Jul 2011
MENAFN) Gulf countries are using military technology to find those responsible for oil spills, Arabian Business reported.
James Hvizd, vice president of space and airborne systems at Raytheon, a US-based defense firm and the world’s largest missile maker, said that the firm provides military sensors that can track oil in water back to the source ship. Hvizd said that the technology would allow states to find and charge those responsible for dumping oil and other pollutants overboard.
The UAE’s Ministry of Environment would be able to use Raytheon’s technology to combat the environmental impact of ships on its coastline, Hvizd said.
Raytheon’s oil sensors were used in the cleanup of the 2010 Deepwater Horizon spill in the Gulf of Mexico in which 4.9 million barrels of oil were leaked for a cost as high as USD12 billion.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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