European missile defense seen as boon to Lockheed, Raytheon

01/15/2010 | Bloomberg Businessweek

Raytheon Co. and Lockheed Martin Corp. would see their sales of interceptor missiles triple and quadruple, respectively, under the Pentagon's revised plan for European missile defense. Rather than defending against long-range missiles from Iran, the Obama administration wants to beef up defenses against short- and medium-range missiles, starting with a sea-based deployment on Aegis-class destroyers and cruisers.

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