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Finland Wants To Spend More Than $500 Million To Buy Stinger, JASSM Missiles

DDN

Friday, November 4th, 2011

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Finland has requested two Foreign Military Sales valued at more than $500 million to buy Stinger and Joint Air-to-Surface Standoff Missiles (JASSM), equipment and support to modernize its forces, the Defense Security Cooperation Agency (DSCA) recently notified Congress. Raytheon [RTN] would be prime contractor on Stinger, while Lockheed Martin [LMT] would be the prime contractor on JASSM. Finland would spend $330 million on a Foreign Military Sale (FMS) of 600 Stinger-Reprogrammable Micro-Processor (RMP) Block 1 Anti-Aircraft missiles, 10 Stinger Block…

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