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Lockheed Gains $357 Million Hellfire II Production Contract The Army gave Lockheed Martin Corp. [LMT] a $357 million deal to produce more Hellfire missiles, the company announced today. They will go to U.S. and allied forces, with delivery beginning in 2010, and contract options possible in 2009 and 2010 that could extend full-rate production through 2013. The contract also provides options for major additional orders in 2009 and 2010. If exercised, the options will sustain full-rate production through 2013. Options…

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