MBDA, Europe’s leading missile manufacturer, and Lockheed Martin [NYSE: LMT], manufacturer of the MK 41 Vertical Launch System (VLS), have entered into a Memorandum of Understanding (MoU). Under the terms of this MoU both companies agree to jointly explore the market for the integration of MBDA naval missile systems into Lockheed Martin launching systems, plan for all necessary common developments and, more broadly, pursue mutually beneficial opportunities.
Specifically, the two companies intend to work together to assess potential business opportunities with respect to potential sales of Lockheed Martin’s MK 41 Vertical Launch System (VLS) and Extensible Launching System (ExLS) and MDBA’s Air Defence and Anti-Ship missiles systems, starting with MBDA’s Sea Ceptor, using the CAMM missile.
Lockheed Martin and MBDA plan to jointly demonstrate the launch of a CAMM missile from a Lockheed Martin MK 41 Vertical Launch System later in 2013.
Commenting on that event, the CEO of MBDA Antoine Bouvier said: “Possessing the broadest range of naval missiles available on the market, there is a strong logic for MBDA to join forces with Lockheed Martin whose vertical launch systems have a strong presence in the naval market. Working in concert, we will be able to offer greater choice to naval customers around the globe providing them with solutions optimized to their exact needs, which has always been MBDA’s priority.”
Date: May 16, 2013