yasin_khan
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Several European makers of military air equipment, including EADS and the U.S. company Lockheed Martin, have won a contract from NATO worth $3 billion (2.44 billion euros) to design and build a MEADS missile defense system, the MEADS group said Sept. 29.
MEADS (Medium Extended Air Defense System) is a joint venture between Lockheed Martin Corp, the European Aeronautic Defense and Space Company (EADS), MBDA-Italia and Lenkflugkorpersysteme (LFK) in Germany.
The contract followed a series of successful system demonstrations, and an agreement between the US and Italy to develop the advanced ground-mobile air and missile defense system, it said.
Germany is expected to sign the agreement following parliamentary procedures later this year.
MEADS is a mobile air defense system designed to replace the Patriot missile systems in the US and Germany, and Nike Hercules systems in Italy.
The United States is providing 58 percent of the finance for the program, Germany 25.0 percent and Italy 17 percent.
http://www.defensenews.com/story.php?F=378843&C=europe
MEADS (Medium Extended Air Defense System) is a joint venture between Lockheed Martin Corp, the European Aeronautic Defense and Space Company (EADS), MBDA-Italia and Lenkflugkorpersysteme (LFK) in Germany.
The contract followed a series of successful system demonstrations, and an agreement between the US and Italy to develop the advanced ground-mobile air and missile defense system, it said.
Germany is expected to sign the agreement following parliamentary procedures later this year.
MEADS is a mobile air defense system designed to replace the Patriot missile systems in the US and Germany, and Nike Hercules systems in Italy.
The United States is providing 58 percent of the finance for the program, Germany 25.0 percent and Italy 17 percent.
http://www.defensenews.com/story.php?F=378843&C=europe