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The State Department has approved a potential $78 million deal with Argentina for four Lockheed Martin’s [LMT] P-3C maritime surveillance aircraft. The Defense Security Cooperation Agency on Thursday notified Congress of the deal, which is intended to replace Argentina’s older P-3B aircraft. Under the deal, Argentina will also receive communications equipment, radar equipment and infrared/electro-optic equipment. “To maintain maritime security, Argentina acquired four EDA P-3C aircraft to replace its older aircraft. These EDA aircraft need this refurbishment and equipment to…
