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Friday, September 18, 2009

Raytheon, Lockheed May Win in Obama Missile Plan

Raytheon Co. and Lockheed Martin Corp. may be winners in President Barack Obama’s decision to shift a proposed missile-defense network in Europe toward a more flexible system, said Rob Stallard, an analyst at Macquarie Capital Inc. in New York.

Obama’s plan would place anti-missile systems aboard destroyers at sea and include mobile land-based radar. The previous plan by former President George W. Bush would have put land-based missiles in Poland and a radar system in the Czech Republic to defend against hostile nations, primarily Iran.

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