BERLIN (Reuters) - European defence manufacturer MBDA will submit its proposal for a $4.5 billion German missile defence system by late September, two months later than planned, but still hopes Germany can approve the project early next year, it said on Wednesday.
Germany chose the Medium Extended Air Defense System (MEADS), made by MBDA and Lockheed Martin Corp, last year over Raytheon Co's Patriot system, but said the firms would have to meet tough performance milestones to retain the contract, one of Germany's biggest arms projects.
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