UAE Scales Back $6.95 Billion Lockheed Missile Defense Package
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The United Arab Emirates has scaled back by about one-third its planned acquisition of Lockheed Martin Corp. missile interceptors in what was a potential $6.95 billion package, according to the U.S. Missile Defense Agency.
The UAE last August “adjusted its requirement” to 96 Terminal High Altitude Area Defense interceptors from 144, according to an unreleased “Selected Acquisition Report” submitted to Congress in April. Bloomberg News obtained the document, which disclosed the reduction.