Lockheed Patriot Missiles Headed For Mideast, Asia

Lockheed Martin (LMT) said Friday that it won a $1.5 billion contract from the Army to supply South Korea, Qatar, Saudi Arabia, Taiwan and the United Arab Emirates with Patriot missiles. The defense contractor said the deal includes the production and delivery of Patriot Advanced Capability-3 (PAC-3) missiles and PAC-3 Missile Segment Enhancement missiles. The contracts will run through June 2018. Lockheed Martin (LMT) shares dipped 0.5% to 201.87

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