North Korea crisis spurs surge in global missile defense requests to Lockheed Martin

‘The Pentagon’s top weapons supplier, Lockheed Martin, says that customers’ requests for missile defense systems are rising, and North Korea’s continued threats as well as the US reaction may be responsible.
Acquiring missile defense systems is at the top of some countries’ to-do list, as interest has risen over the last 12 to 18 months, the vice president of Lockheed’s Air and Missile Defense business, Tim Cahill, told Reuters.
“The level of dialogue around missile defense is now at the prime minister and minister of defense level,” he said.
The uptick in requests comes on the heels of North Korea’s recent long-range missile tests. On Saturday, the United Nations Security Council voted 15-0 in favor of slapping North Korea with sanctions that could cost the country $1 billion annually by targeting its main exports.
Lockheed shares are up almost 8 percent, to $300.10, since North Korea’s first long-range missile test on July 4. Meanwhile, Lockheed’s stock is also up 20 percent, year-to-date.’
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