The German government decides to scrap its involvement in Lockheed Martin's (LMT +0.8%) Meads...

|About: Lockheed Martin (LMT)|By:, SA News Editor

The German government decides to scrap its involvement in Lockheed Martin's (LMT +0.8%) Meads air defense program, as well as pare back its inventory of Patriot missile systems. Defense Minister Thomas de Maiziere says the goal of the moves is to enable new contracts to be awarded - not cut spending per se.