The U.S. State Department has approved the potential sale of Lockheed Martin (NYSE:LMT) and Northrop Grumman Corp (NYSE:NOC)’s defense systems to Egypt, the Pentagon’s Defense Security Cooperation Agency said on Tuesday.
The State Department has approved the possible sale of Lockheed’s fast missile craft modernization estimated at $625 million and the potential sale of Northrop Grumman’s AN/TPS-78 Long Range Radar and related support estimated at $304 million, the agency said in two separate statements.





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