Raytheon picks Spain's Sener to make Patriot interceptor parts [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
The contract, announced by the companies on April 29, covers the electro-mechanical control section of the GEM-T missile, one of the interceptor options for the system's global customer base. The part “provides precise, high-speed steering control for the missile while in flight to intercept,” a spokeswoman for RTX said. Raytheon's move to localize component production in Europe follows a contract with NATO, under the COMLOG joint venture together with pan-European missile maker MBDA, for 1,000 GEM-T missiles. The deal, announced in January, could be worth as much as $5.6 billion. The mega order is expected to boost the existing Patriot-related industrial ecosystem in Europe, in which Raytheon and MBDA have cooperated for decades. “For example, COMLOG will expand the production and assembly capacity for the GEM-T missile to include production of the rocket motor, propulsion sections and other components in Germany, and the control section by Sener in Spain,” the spokeswoman told
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LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/23/24 - Form 10-Q
- LMT's page on the SEC website