Lockheed Martin (LMT) Leverages German Partnerships to Strengthen IAMD Capabilities

Lockheed Martin Corporation (NYSE:LMT) is among the 10 Best Drone Stocks to Buy Right Now. On November 18, the company announced a strategic collaboration with German weapon manufacturer Diehl Defence to expand the integrated air and missile defense (IAMD) framework to allied nations.

Lockheed Martin Corporation (LMT) and Diehl Defence to Expand IAMD Capability to Partner Nations

The two companies will combine their capabilities and work on the integration of IRIS-T with the Aegis Weapon System and the MK41 launcher, which would mark the first instance of a European missile’s incorporation into the system.

Lockheed Martin Corporation (NYSE:LMT) has partnered with German firms for over half a century and has partnered on various projects with Diehl Defence in the past.

The MoU builds on an agreement signed between the two companies in October this year for the potential supply chain expansion for missiles in the Patriot Advanced Capability-3 (PAC-3) system.

Diehl’s CEO Helmut Rauch welcomed the agreement, while saying that the collaboration would benefit navies worldwide by equipping their surface combat vessels with advanced air defense systems.

Lockheed Martin Corporation (NYSE:LMT) is one of the largest defense contractors in the world. It specializes in the research, design, and development of advanced technology systems, products, and services.

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