UAE’s $476M Lockheed Hellfire III Missile Request Gets State Dept Approval

Hellfire missileThe State Department has cleared United Arab Emirates’ request to purchase a suite of Lockheed Martin-built (NYSE: LMT) AGM-114 R/K Hellfire Category III Missiles through a $476 million foreign military sales agreement with the U.S. government.

Lockheed’s missile and fire control business will serve as the prime contractor on the deal that covers provision of up to 4, 000 AGM-114 R/K Hellfires and associated equipment, training and technical support services to the UAE over a three-year period, the Defense Security Cooperation Agency said Friday.

UAE plans to use the missile systems to help strengthen the country’s homeland defense and secure critical infrastructure against national security threats, DSCA noted.

DSCA added the FMS contract does not require deployment of U.S. government or contractor representatives to UAE.

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