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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Estonia to buy US rocket artillery system in $200M deal

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Lloyd Austin, Hanno Pevkur
FILE - Estonia's Defense Minister Hanno Pevkur, left, is greeted by Secretary of Defense Lloyd Austin during an honor cordon ceremony, upon his arrival at the Pentagon, Tuesday, Oct. 18, 2022, in Washington. NATO member and Russia’s neighbor Estonia is boosting its defense capabilities by acquiring an advanced U.S. rocket artillery system. Estonian defense officials said Saturday, Dec. 3, 2022 that the deal with the U.S. worth more than $200 million is the Baltic country’s largest arms procurement project ever. (AP Photo/Alex Brandon, File)

HELSINKI (AP) — NATO member and Russia’s neighbor Estonia is boosting its defense capabilities by acquiring an advanced U.S. rocket artillery system in the Baltic country’s largest arms procurement project ever, defense officials said Saturday.

The deal signed Friday for the High Mobility Artillery Rocket System is worth more than $200 million and includes equipment such as ammunition and rockets, as well as training.

The package includes HIMARS rockets with ranges of 70-300 kilometers (43-186 miles), the Estonian Center for Defense Investment said in a statement. Lockheed Martin Corp. is expected to make the first deliveries in 2024. Estonian officials didn’t disclose the number of rocket launchers but local media outlets said the purchase consists of six HIMARS.

"The HIMARS multiple rocket launchers are a new important step in the development of Estonia’s defense capabilities,” Lt. Col. Kaarel Mäesalu, head of the capability development department at the Estonian Defense Forces said in a statement. “This makes it possible to decisively influence the enemy even before coming into contact with our infantry units.”

Estonia's Baltic neighbors Latvia and Lithuania either have or are currently in the process of acquiring their own HIMARS.

Washington has provided Ukraine with the rocket launchers during Russia's invasion of the country. The Estonian Defense Ministry said the HIMARS systems “have helped to destroy Russian military ammunition warehouses, transport nodes, and command and control centers with pinpoint accuracy beyond the range of the howitzers Ukraine has been using.”

___

Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Lockheed Martin (LMT)
4.5419 of 5 stars
$464.14+1.8%2.71%16.85Hold$487.70
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