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Missile Manufacturers Will Fight For European Air Defense Contracts

Thursday, June 11th, 2015

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Missile Manufacturers Will Fight For European Air Defense Contracts

The Patriot air and missile defense system (Photo: Raytheon)

Raytheon [RTN] officials have vowed to continue supporting Germany's Patriot missile batteries, despite learning earlier this week the company lost a bid to provide Germany with its next-generation tactical air and missile defense shield.MEADS International, which is partnered with Lockheed Martin [LMT] announced Tuesday that Germany chose MEADS as the basis for its TVLS, a next-generation network-based tactical air and missile defense system. The system could replace Raytheon’s Patriot air defense system originally fielded in the 1980s. The missile giants now…

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