State Department Approves Proposed $780M Sale of Stinger Missiles to 3 NATO Countries

The State Department approved a proposed $780 million sale of FIM-92K Stinger Block I missiles to NATO.

The Defense Security Cooperation Agency said Friday that Lockheed Martin (NYSE: LMT) and RTX (NYSE: RTX) will be the lead contractors for the deal, which will support countries such as Germany, Italy and the Netherlands.

NATO’s Support and Procurement Agency ordered 940 units of the weapon systems as well as corresponding services for technical issues, engineering and logistics. The sale also includes battery coolants and metal containers.

DSCA has notified Congress and submitted the necessary certification to finalize the transaction, which is intended to strengthen NATO air defense in the three countries.

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