Lockheed Martin hopeful for continuing MEADS funding
Lockheed Martin is ‘optimistic’ that funding will continue for the Medium Extended Air Defense System (MEADS) programme beyond the two years that the tri-national agreement is scheduled to continue for.
The NATO-led programme aims to replace the ageing Patriot missile in the US and Germany, and the Nike Hercules in Italy.
The current MoU between the three nations covers the next two years of development, although no decision has yet been made as to whether or not the programme will continue.
‘We’re optimistic [that the contract will be extended], but we have to stay focused on the contract,’ a representative
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