LOCKHEED MARTIN CORPORATION

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Albania buys anti-tank Javelin missiles to strengthen army

05/21/2022 | 09:43am EDT

TIRANA, Albania (AP) — Albania's defense minister said Saturday the Western Balkan country has bought anti-tank Javelin missiles to strengthen its defenses.

Niko Peleshi said Albania signed a contract with U.S. Lockheed Martin, without specifying the number of missiles, how much they cost or when they would be delivered.

Peleshi said buying the missiles was part of the army’s modernization efforts.

Earlier this week, Lockheed Martin said the U.S. Army had awarded two production contracts for Javelin missiles and associated equipment and services with total value of $309 million. These contracts include more than 1300 Javelin missiles funded from the recent Ukraine Supplemental Appropriations Act and orders for several international customers including Norway, Albania, Latvia and Thailand.

“Not to create any panic, there is no concrete threat. We are a NATO member country and the national security issue resolved. We are protected,” the minister told journalists.

Peleshi also said NATO is not a threat to any country, including Russia. Tirana supports the alliance's “open door” policy welcoming Finland and Sweden as new members, which Peleshi said were “two independent sovereign countries with high political, legal and also military standards.”

Turkey, however, has so far said it will not agree to Sweden and Finland joining NATO.

Three Western Balkan countries — Albania, North Macedonia and Montenegro — are NATO members. Albania joined in 2009.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

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Financials (USD)
Sales 2022 66 004 M - -
Net income 2022 5 968 M - -
Net Debt 2022 8 951 M - -
P/E ratio 2022 19,4x
Yield 2022 2,60%
Capitalization 116 B 116 B -
EV / Sales 2022 1,89x
EV / Sales 2023 1,84x
Nbr of Employees 114 000
Free-Float 99,8%
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Number of Analysts 16
Last Close Price 433,52 $
Average target price 484,20 $
Spread / Average Target 11,7%
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Managers and Directors
James D. Taiclet Chairman, President & Chief Executive Officer
Jesus Malave Chief Financial Officer
Rodney A. Makoske SVP, Chief Engineering, Technology & Operations
Yvonne O. Hodge Chief Information Officer & Senior Vice President
Frank A. St. John Chief Operating Officer
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