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Lockheed Martin Execs Expect Missile Defense Business to Continue Apace

By Marina Malenic As President Barack Obama begins overhauling the national missile defense system devised by the previous administration, Lockheed Martin [LMT] executives see sales for the company's related products holding steady and perhaps even increasing over the next year. John Holly, Lockheed's vice president of Missile Defense Systems, told reporters during a teleconference recently that he expects missile defense deals to account for some 10 percent of total Lockheed Martin sales, just as they did last year. A major…

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