Sunday 22 September 2013

Lockheed Martin clinches $4-bn Pentagon missile defence deal | Business Standard

Lockheed Martin clinches $4-bn Pentagon missile defence deal | Business Standard:

"The Pentagon said on Friday it had finalised a contract worth nearly $4 billion with Lockheed Martin Corp to supply additional missile defence equipment to the United States and the United Arab Emirates.

The deal involves Lockheed's Terminal High Altitude Area Defence (THAAD) missile defence system that is designed to intercept ballistic missiles in midair, according to the Pentagon's daily digest of major weapons contracts.

The contract reflects growing confidence and demand for the missile defence system, said Riki Ellison, founder of the non-profit Missile Defence Advocacy Alliance."

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