Germany backs MEADS defence system over Patriot
BERLIN, July 9
BERLIN, July 9 (Reuters) - A German government internal report obtained by Reuters on Friday states a preference for the U.S.-European MEADS missile development programme over the Patriot system.
MEADS is being developed by Lockheed Martin Corp (LMT.N) of the United States, Europe's EADSEAD.PA, Britain's BAE Systems (BAES.L) and Italy's Finmeccanica (SIFI.MI). Patriot is run by Raytheon Co (RTN.N) of the United States.
The report prepared by German's defence ministry said the Patriot system was "not a worthwhile alternative in economic nor operation terms". (Reporting by Sabine Siebold; writing by Stephen Brown)
- Police seek motive in fatal Washington state school shooting
- Two deputies killed, two others hurt in California shooting spree
- Wall St. finally turning on Amazon as Bezos magic fades
- Iran hangs woman convicted of killing alleged rapist
- Medical worker quarantined in New Jersey under new Ebola safeguards |