US Readies Sale of 4,000 U.S. Missiles to Iraq

The State Department has told lawmakers informally that the Obama administration wants to sell Iraq more than 4,000 additional Hellfire missiles for the government’s fight against Islamic insurgents, according to people familiar with the plan.

Sale of the laser-guided missiles made by Lockheed Martin Corp. (LMT) would be in addition to 500 previously purchased, of which about 400 have been delivered.

The U.S. has pledged military aid to Iraq in its fight against the Islamic State, an extremist Sunni group that’s seized a swath of territory north and west of Baghdad. Iraq’s ambassador to the U.S.,Lukman Faily, said yesterday in Washington that weapons have been too slow in coming and “further delay only benefits the terrorists.”

By Tony Capaccio  Jul 1, 2014 11:00 PM CT 

http://www.bloomberg.com/news/2014-07-01/sale-of-4-000-u-s-missiles-to-iraq-said-to-be-readied.html

http://goo.gl/9qa6cU

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