Reports: Germany to Purchase MEADS Missile Defense System for $4B

MissileDefenseGermany has placed a potential $4.5 billion order for the Medium Extended Air Defense System made by Lockheed Martin (NYSE: LMT) and MBDA as part of efforts to update country’s missile defense system, Syracuse.com reported Monday.

Mark Weiner writes that Lockheed’s plant in the Salina suburb of Syracuse, New York holds a $625 million share of the MEADS program that covers work to develop of the system’s surveillance radar.

Scot Stevenson, Thorsten Severin and Andrea Shalal of Reuters also report that Lockheed CEO Marillyn Hewson told investors at a conference last month the company believed a purchase from Germany could drive orders by other European countries such as Italy and the Netherlands.

Reuters notes that a multi-country partnership built MEADS as a successor to Raytheon‘s (NYSE: RTN) Patriot system.

You may also be interested in...

Gen. John Raymond Chief of Space Operations U.S. Space Force

Gen. John Raymond: Space Force’s Acquisitions Command to Include Offices for Legacy, Nontraditional Contracting

Gen. John Raymond, chief of space operations of the U.S. Space Force and a 2020 Wash100 awardee, has said the service branch plans to include nontraditional and legacy procurement offices in its planned acquisitions command, SpaceNews reported Wednesday.

David Appel VP Raytheon I and S

Raytheon to Support USAF DevSecOps Software Dev’t; David Appel Quoted

Raytheon Technologies' (NYSE: RTX) intelligence and space business has signed a five-year basic ordering agreement to help the U.S. Air Force develop agile and secure software. The company said Wednesday it will support USAF's pursuits with Platform One, a team tasked to support development, security and operations or DevSecOps for the Department of Defense.