Executive Biz:
A Raytheon official has said the company could perform updates to Germany’s Patriot missile defense system within a year and for less than the estimated budget for the development of the Medium Extended Air Defense System, Reuters reported Friday.
Lockheed Martin built the MEADS system with MBDA, Andrea Shalal and Sabine Siebold write.
“They refer to us as the Plan B,” Wes Kremer, head of the integrated defense systems division at Raytheon, said of the German government in relation to the missile defense platform development work.
Kremer told Reuters that Germany would be solely responsible for all updates and modifications once the country pursues the development of the MEADS system….
