Lockheed Martin, ThalesRaytheonSystems Team Up to Work With NATO Missile Defense
18 July 2018 - 3:12AM
Dow Jones News
By Stephen Nakrosis
Lockheed Martin (LMT) said they and ThalesRaytheonSystems will
joining forces to provide the North Atlantic Treaty Organization
with territorial ballistic missile defense command and control
capabilities.
Lockheed said the system grew out of an agreement at the 2010
Lisbon Summit, when NATO leaders "decided to develop a Missile
Defense Capability to protect all NATO European populations and
territories against ballistic missile attacks."
Eric Marceau, CEO of the TRS Joint Venture, said, "This team
will provide the operational command and control capability for the
protection for all NATO European populations, territory and forces
against the threats posed by ballistic missiles."
The program is intended to upgrade, test and integrate command
and control systems and communication networks of NATO allies and
enable effective information exchanges between various NATO and
national missile defense systems, Lockheed said.
ThalesRaytheonSystems is a joint venture between Raytheon Co.
and Thales Group, and is based in Paris.
Shares of Bethesda, Maryland based Lockheed Martin were down
0.34% at $317.97 at 12:30 p.m. EDT.
Company websites:
https://www.lockheedmartin.com/en-us/index.html
http://www.thalesraytheon.com/home.html
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 17, 2018 12:57 ET (16:57 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Lockheed Martin (NYSE:LMT)
Historical Stock Chart
From Apr 2024 to May 2024
Lockheed Martin (NYSE:LMT)
Historical Stock Chart
From May 2023 to May 2024