State Dept Approves $146M Lebanon Hellfire Missile Sale

State DepartmentThe State Department has cleared a potential sale to Lebanon of $146 million in Lockheed Martin-built (NYSE: LMT) Hellfire II missiles and related components.

The Defense Security Cooperation Agency said Thurday that Lebanon is buying 1, 000 AGM-114 missiles along with containers, spare and repair parts, support equipment, technical documentation and training services.

Lebanon plans to use the missiles to help the country’s armed forces mitigate homeland security and defense threats, according to DSCA.

Lockheed’s missile and fire control business in Dallas, Texas, would manufacture the Hellfires and DSCA said the foreign military sale transaction would not require the deployment of additional contractor or government representatives to Lebanon.

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