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Friday, August 24, 2007

Lockheed sees growing interest in Patriot missile

Taiwan, Israel, Spain, Greece, Germany and Saudi Arabia are discussing upgrading their U.S.-supplied Patriot air and missile defenses with improved multimillion-dollar missiles to counter perceived threats, Lockheed Martin Corp said on Thursday.

The other two Patriot-fielding countries, Japan and the Netherlands, already have begun buying Lockheed's updated Patriot Advanced Capability (PAC-3) missile.

"All of those countries have been in discussions with both (the) U.S. government and with Lockheed Martin about paths forward to upgrade to this technology," Dennis Cavin, a vice president at Lockheed's Missiles and Fire Control business unit, told reporters at a company briefing on missile defense.

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