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FINANCIAL NEWS
Lockheed scores USD4 b Pentagon contract
22 Sep 2013
(MENAFN) The Pentagon announced a USD4 billion deal with Lockheed Martin Corp to supply missile defence equipment to the US and the UAE, The Peninsula reported.
The deal is to buy Lockheed”s Terminal High Altitude Area Defense (THAAD) missile defence system designed to intercept ballistic missiles in the air.
The deal, which includes 192 interceptors for the UAE and 110 interceptors for the US, is expected to bring savings of 10 percent for the US.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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