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MEADS International Awarded $3 Billion System Development Contract

MEADS International received a $3 billion Design and Development letter contract to design and develop the Medium Extended Air Defense System (MEADS). The contract was awarded by NAMEADSMA, a chartered organization of NATO, to develop MEADS.

The contract award follows a series of successful system demonstrations and signing of a Memorandum of Understanding between the United States and Italy to develop the advanced ground-mobile air and missile defense system. Germany is expected to sign the agreement following parliamentary action later this year.

"The day that air defenders have been waiting for has arrived," said Jim Cravens, MEADS International president. "This contract commits the partner nations to a significant new generation of air and missile defense that will cost far less to own and maintain, quickly moves to the areas it must protect and provides complete 360-degree defense with netted-distributed communication. Through plug-and-fight capabilities, MEADS will also provide command and control over existing shooters and sensors from other weapon systems.

"We've listened to our customers and users, and now we'll build the air and missile defense solution they've asked us for," Cravens said.
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