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Specifically, the memorandum establishes an industrial framework to enable and structure formal discussions between the two companies in order to identify and pursue business opportunities in the emerging global ballistic-missile defense market
"The memorandum is an important first step towards building a relationship that will serve as the foundation for business arrangements on future endeavors in the global missile-defense market," said Donald C. Winter, corporate lead executive for missile defense and sector president, Northrop Grumman Mission Systems.
"We expect our relationship to go beyond a single project, to include multiple projects in the area of sensors, weapons, command and control, battle management and infrastructure support.