Lockheed sees Ukraine crisis boosting missile system sales: paper

FRANKFURT Sun May 4, 2014 9:31am EDT


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FRANKFURT (Reuters) - Lockheed Martin is on the lookout for acquisition deals and expects the crisis in Ukraine to boost sales of its missile defense system MEADS, the company's chief executive told German weekly paper Welt am Sonntag.

"We see strong demand for defense systems in the world. Here in Europe it is for missile defense systems. Many of our NATO partners are also looking at our F-35 fighter jet program," Marilyn Hewson, company CEO, was quoted as saying.

Across the world there are around 20 new clients for its Medium Extended Air Defense System (MEADS) Hewson told the paper.

MEADS is a mobile system designed to defeat tactical ballistic missiles, cruise missiles, unmanned aerial vehicles and aircraft.

Lockheed continues to be on the lookout for potential acquisitions, Hewson told the paper.

(Reporting by Edward Taylor; editing by Andrew Roche)

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Comments (2)
CanRus wrote:
Here we go once more. The war-mongering neocon vultures come swooping in. War is good for business. Can’t remeber which rule of acquisition that is again. They should all be sanctioned, just like Putin.

May 04, 2014 3:11pm EDT  --  Report as abuse
mils54 wrote:
Sure that wasn’t Tony Stark ?.

May 06, 2014 5:35pm EDT  --  Report as abuse
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