Tentative Contract Boosts Patriot Missile Interceptor Production
Lockheed Martin has been awarded a tentative $4.7 billion contract to accelerate production of Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors. The undefinitized contract allows Lockheed to start working on the project, with the aim of significantly boosting production of the missile defense system. The deal was announced by Lockheed Martin on April 10, as reported by Aviation Week.