Japan began deploying its first advanced Patriot missile defense system Friday near Tokyo, part of an effort to accelerate missile defense capabilities following North Korea's missile and nuclear tests last year.So if you're always on the lookout for hot stockmarket tips -- and judging from my email inbox, who isn't? -- make sure you load up on Lockheed.
Defense contractor Lockheed Martin Corp., which makes the PAC-3, said in January that it expects to expand its ballistic missile defense business overseas in the next few years as regions such as Asia face growing missile threats from North Korea and other hostile states.
Lockheed officials said South Korea and Taiwan have expressed interest in buying the latest version of the Patriot missile. India and some countries in the Middle East may also eventually buy the program, the company said.
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