Lockheed gets fresh Japan missile-defense deal
By Jim Wolf
WASHINGTON, Jan 2 (Reuters) - Japan is boosting its fledgling shield against ballistic missiles, Lockheed Martin Corp (LMT.N: Quote, Profile, Research) said Wednesday, reflecting moves at sea to defend against a perceived threat from North Korea.
Lockheed won a $40.4 million deal to add missile-defense capability to a third of four Japanese Kongo-class destroyers, the Myoko, the U.S. Defense Department said on Friday.
A contract for the fourth ship, Kirishima, now looks set "to follow by year's end, if not sooner," said Ken Ross, a Lockheed spokesman in Moorestown, New Jersey.
In addition, Bethesda, Maryland-based Lockheed hopes Japan eventually will add similar capabilities to its two newest destroyers, just as the U.S. Navy is planning, he said.
Full story
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0265228120080102
By Jim Wolf
WASHINGTON, Jan 2 (Reuters) - Japan is boosting its fledgling shield against ballistic missiles, Lockheed Martin Corp (LMT.N: Quote, Profile, Research) said Wednesday, reflecting moves at sea to defend against a perceived threat from North Korea.
Lockheed won a $40.4 million deal to add missile-defense capability to a third of four Japanese Kongo-class destroyers, the Myoko, the U.S. Defense Department said on Friday.
A contract for the fourth ship, Kirishima, now looks set "to follow by year's end, if not sooner," said Ken Ross, a Lockheed spokesman in Moorestown, New Jersey.
In addition, Bethesda, Maryland-based Lockheed hopes Japan eventually will add similar capabilities to its two newest destroyers, just as the U.S. Navy is planning, he said.
Full story
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0265228120080102