AAM MISSILE MARKET TO REACH $12.2B

WASHINGTON [MENL] -- The air-to-air missile is expected to reach $12.2billion over the next decade and dominated by the United States. A new study said the failure of Iraq to wage any air battlesagainst the United States during the war in 2003 will not slow the growth oftheAAM market. The report envisioned that the U.S. company Raytheon will bethe biggest player in the annual $1.5 billion market.