• Wednesday, March 29, 2023

Raytheon, Lockheed Look to Revise Turkey Missile Defense Offer

State Dept. photo
State Dept. photo

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.

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