Reuters:
Lockheed Martin Corp and Europe’s MBDA hope to complete negotiations with Germany on the MEADS next-generation missile defense system by the end of the year, well before next year’s German elections, top company officials told Reuters.
Germany announced last year it had chosen the Medium Extended Air Defense System (MEADS), made by Lockheed and MBDA, over Raytheon Co’s Patriot system, in a $4.5 billion deal, but said the companies would have to meet demanding performance milestones to retain the contract.
Thomas Homberg, managing director of MBDA’s German unit, said the companies were working with the German government to meet the milestones, and planned to submit a final proposal at the end of July.
