Boeing, Lockheed see getting big share of Golden Dome project, Reuters says

Lockheed Martin (LMT) and Boeing (BA) said they are setting themselves up to secure a major share of President Donald Trump’s Golden Dome missile defense system, which is projected to cost up to $175B and seeks to establish a network of satellites to detect, track, and possibly intercept incoming projectiles, Reuters’ Joe Brock reports. “We clearly have a whole number of product lines that will contribute very well, that are going to fit very well with what is necessary to achieve the mission,” said Tim Cahill, President of Missiles and Fire Control at Lockheed Martin at the Paris Airshow. At a separate media briefing, Steve Parker, Boeing’s interim CEO for space and defense, said the company had done “a lot of work” on Golden Dome, though declined to provide details, the author notes. Other companies in contention for early contracts include L3Harris (LHX) and RTX (RTX).