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ATK, Lockheed Martin, Northrop Grumman Sign Teaming Agreement To Develop Multi-Role Missile

DDN

Thursday, July 17th, 2008

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Three top U.S. missile manufacturers yesterday announced their decision to jointly pursue the emerging market for an advanced multi-role missile. ATK [ATK], Lockheed Martin [LMT] and Northrop Grumman [NOC] have signed a teaming agreement and believe their team can provide "the product options that offer the best capabilities, schedule, and price available," according to a joint press statement released at the Farnborough Airshow in the United Kingdom. Each company has different areas of expertise, according to an official familiar with…

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