Greece and U.S. Sign Agreement for Sale of Additional Lockheed Martin HELLFIRE II Missiles
ORLANDO, FL, 10/02/2007 -- The governments of Greece and the United States have signed a Letter of Offer and Acceptance for the sale of additional Lockheed Martin [NYSE: LMT] precision-strike laser-guided HELLFIRE II® missiles to Greece. The agreement authorizes the sale of multiple warhead variants of the modular HELLFIRE II, with options, for the Hellenic Army's AH-64 Apache and the Hellenic Navy's SH-60B Seahawk helicopters. Contract value and deliverables were not disclosed.
We are honored that the Hellenic Army and Navy have once again selected HELLFIRE II missiles to equip their Apache and Seahawk fleets in defense of their borders, said Ken Musculus, Lockheed Martin Air-to-Ground Missile Systems program director. We look forward to supporting the Hellenic Forces in their initiative to expand their HELLFIRE warhead inventory for multi-mission capability. HELLFIRE II currently offers three warhead variants to engage a broad target set, while minimizing collateral damage.
The three modular HELLFIRE II semi-active laser warhead variations include: (1) the High-Explosive Anti-Tank (HEAT) missile, which defeats all known and projected armored threats; (2) the blast fragmentation missile, which defeats soft targets such as boats, buildings, bunkers and light-armored vehicles; and (3) the metal augmented charge missile, which defeats enclosures, caves and enemy personnel housed therein.
The Government of Greece is purchasing HELLFIRE II missiles through a foreign military sale contract. This purchase employs economy of scale, taking advantage of a large buy of HELLFIRE missiles from Lockheed Martin by the U.S. Army to reduce cost for both users. With more than 20,000 rounds delivered, HELLFIRE II is approved for international sales, via government-to-government or direct commercial sales.
A combat-proven air-to-ground and ground-to-ground weapon system, HELLFIRE II is currently fielded with all four services of the U.S. Armed Forces and those of 13 other nations. Nearly 6,800 HELLFIRE rounds have been successfully fired by coalition forces in Operations Enduring Freedom and Iraqi Freedom against a diverse target set.
HELLFIRE II is launched from a wide array of platforms, including the U.S. Army's Apache and Kiowa Warrior helicopters; the U.S. Marine Corps' Cobra; the U.S. Navy's Seahawk helicopter; the UK's Apache attack helicopter; the Eurocopter Tiger and the U.S. Air Force's Predator unmanned aerial vehicle. Norway and Sweden also employ HELLFIRE missiles launched from tripods in a coastal defense mode.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.