- Lockheed Martin (NYSE:LMT) and Raytheon (NYSE:RTN) are heading into battle over almost €8B of contracts to supply aircraft and missile defense systems to Germany and Poland, FT reports.
- Germany is evaluating whether to buy Lockheed’s new MEADS (medium extended air defense system), or to opt for a planned update to Raytheon's Patriot. Its decision is likely to influence Poland.
- Lockheed is hoping the two countries will be the first customers for MEADS, in what the defense firm estimates could be a market worth as much as $100B over the next 15 years.