Persian Gulf Tensions Likely to Bolster Antimissile Sales, Lockheed Says

Persian Gulf Tensions Likely to Bolster Antimissile Sales, Lockheed Says

Defense contractor Lockheed Martin anticipates that growing tensions in the Persian Gulf will cause the region's Arab states to increase their acquisition of missile defense systems, Reuters reported on Wednesday (see GSN, April 10).
The U.S. company is pitching its antimissile technology to friendly Gulf countries, vice president for missile defense programs Dennis Cavin said. Lockheed in December concluded a $3.6 billion deal to sell its Terminal High-Altitude Area Defense system to the United Arab Emirates.