Lockheed To Expand Overseas Missile Defense Business

Defense contractor Lockheed Martin Corporation says it expects to expand its ballistic missile defense business overseas in the next few years because of growing missile threats from North Korea and other hostile states.

Lockheed officials say countries including South Korea and Taiwan are interested in buying the latest version of the Patriot missile that could be used to shoot down incoming ballistic missiles.

The Bethesda-based company says India and some countries in the Middle East may also eventually buy the program.

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