Investor’s Business Daily:
Lockheed Martin (LMT) sees strong demand abroad, including from NATO allies, for its missile defense systems and Patriot interceptor missiles.
With the Terminal High Altitude Area Defense (THAAD) system now deployed in South Korea and Guam, Lockheed could see more orders, said CEO Marillyn Hewson at Bernstein’s Annual Strategic Decisions Conference Wednesday.
Saudi Arabia showed interest in the system during President Trump’s visit to the kingdom earlier this month, she said, potentially joining the United Arab Emirates as an intentional THAAD customer.
Lockheed is also seeing demand for its Patriot Advanced Capability-3 missile domestically and in the Asia-Pacific region.
Meanwhile, Hewson isn’t worried about Europe’s shift to buying locally, noting that Lockheed’s Medium Extended Air Defense System (MEADS) could see more demand from NATO after Germany picked the system in 2015 to replace its Raytheon (RTN) Patriot system…
