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Lockheed Martin Eyes Saudi Arabia For Aegis Equipped LCS

DDN

Friday, June 26th, 2009

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While Lockheed Martin [LMT] and the U.S. Navy continue to modernize the Aegis combat systems on Arleigh Burke-class destroyers and the ballistic missile defense capability of other surface combatants, the company is seeking international opportunities to expand its market for Aegis. One potential sale could be Saudi Arabia, as it looks to modernize its eastern fleet, Fred Moosally, president of Lockheed Martin Maritime Systems and Sensors, told reporters at a company briefing in Arlington, Va., earlier this week. Not only…

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