The U.S. government awarded Lockheed Martin a $4.7 billion contract for Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) interceptors.
This undefinitized contract action allows the company to immediately accelerate manufacturing. Lockheed Martin will deliver a record number of missiles to the U.S. and its allies this year.
Rising global geopolitical tensions are driving urgent demand for advanced air defense systems. The award builds on a previous Department of Defense agreement to expand production capacity over several years.
Defense contractors are increasing facility space and hiring more workers to meet Pentagon requirements.