
Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) could pitch a new bid to construct a missile defense system for Turkey and have begun internal discussions with the U.S. government on their proposal, Reuters reported Tuesday.
Andrea Shalal-Esa writes the talks started after Ankara indicated it could withdraw from its interim arrangement with China.
The proposed Raytheon-Lockheed deal covers a Patriot missile defense system that conforms to NATO interoperability standards, a component the State Department believes China’s system does not offer.
Shalal-Esa reports the U.S. government’s talks with Lockheed and Raytheon are focusing on coproduction arrangements, as well as technical and maintenance support.