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Lockheed Martin, EXPAL Consider Pursuing Spanish VBR Program

DDN

Friday, June 18th, 2010

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Lockheed Martin [LMT] and EXPAL recently said they signed a Memorandum of Understanding (MoU) intended to facilitate exclusive discussions for exploring the formation of a union temporal de empresa (UTE), or consortium, as the companies pursue the Spanish 8x8 (Vehiculo Blindado Ruedas )VBR program. Spain wants some 300 vehicles in different variants. This MoU expands upon the parties' current relationship, announced in May, which defined EXPAL as having responsibility for the logistics and maintenance support of the AMV offering. The…

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