Russia’s attack on Ukraine, including regular barrages of rockets, has boosted demand for Lockheed Martin missile defense systems, the No. 1 U.S. weapons maker said on Tuesday.
“We’ve got demand signals for THAAD and PAC-3 from around the world,” Chief Executive Jim Taiclet said after Lockheed reported a drop in quarterly sales and profits. THAAD and PAC-3 refers to the Terminal High Altitude Area Defense (THAAD) missile defense system and the interceptors for Patriot missile systems.
“Especially when you see missiles hitting hospitals and situations like that, and train stations in Ukraine,” Taiclet said in explaining the demand, adding that governments were now thinking “that it’s worthwhile to have an effective missile defense capacity in your country.”
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