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Lockheed CEO says Patriot missile production ahead of plan

Lockheed Martin’s CEO Jim Taiclet said the company is running ahead of schedule on its plan to more than triple Patriot missile production, adding: “We’ll have built 2,000 next year.”

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Lockheed Martin's chief executive said the defense contractor is running ahead of schedule on its plan to more than triple production of Patriot missiles, which remain in high demand. "We'll have built 2,000 next year," CEO Jim Taiclet said Thursday at Morgan Stanley's annual investor conference in L…