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Wednesday, July 30, 2014

U.S. Approves More Hellfire Missiles for Iraq

AGM-114R3 HellfireThe U.S. government has approved plans to send an additional 5,000 Hellfire missiles to Iraq to help the embattled Baghdad government tackle the threat posed by Sunni militants, the Pentagon said on Tuesday.

The $700 million deal for the missiles, made by Lockheed Martin Corp., comes amid other signs that Washington is tackling a backlog of approvals for weapons sales to one of the largest defense-export markets for U.S. contractors.

Pressure on the Pentagon's procurement budget has pushed U.S. defense companies to focus more on export markets.

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