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MBDA, Lockheed form JV for German missiles

Published 03/08/2018, 07:49 AM
© Reuters.  MBDA, Lockheed form JV for German missiles
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  • The German unit of European missiles maker MBDA and Lockheed Martin (NYSE:LMT) have formed a joint venture to press ahead with a new air and missile defense system being negotiated with the German military.
  • The 60-40 MBDA-led venture will serve as prime contractor for the new multibillion-dollar TLVS system, which the two companies have been negotiating to get under contract with the German defense ministry since 2015.
  • It's aimed at replacing the Patriot air defense system fielded in the 1980s.
  • Now read: Merck (NYSE:MRK) teams up with Eisai to commercialize cancer med Lenvima in deal valued as high as .76B


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