Seeking Alpha

Lockheed Martin seeks clarity on potential big ticket Saudi Navy deal

  • Lockheed Martin (LMT -1.1%) says it should get some "clarity" in the near future on a potential multibillion dollar modernization program for the Saudi Arabian Navy.
  • The company and Prince Salman bin Sultan are said to have discussed the matter at the Dubai Air Show.
  • The program, called SNEP, is rumored to include the possible purchase "of up to 12 of LMT's steel monohull Littoral Combat Ships or the larger DDG-51 destroyer built by GD," Reuters says.
  • The deal might also include LMT's Aegis combat system and the MH-60R helicopter."
Comments (2)
  • ,Does Aegis originate from LMt or RTN?
    20 Nov 2013, 07:08 PM Reply Like
  • Adm Wayne e Myers, search and you find answer.
    26 Nov 2013, 02:33 PM Reply Like
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