Lockheed, Raytheon Gain in Gates’s Europe Missile-Defense Plan

Orders of Lockheed Martin Corp. interceptor missiles would quadruple and those of Raytheon Co. missiles would triple in the Pentagon’s revised five-year spending plan for a missile defense for Europe.

The increased spending reflects President Barack Obama’s decision in September to scrap plans to base a system in Poland and the Czech Republic that would defend Europe against long- range missiles from Iran.

The new plan uses existing missile systems based on land and at sea to guard against the threat of short- and medium- range rockets. U.S. intelligence assessments early last year indicated Iran is moving more quickly to develop these weapons and making less progress than believed on long-range missiles.

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