Patriot Interceptor Production Boosted Amid High Demand
The US Army has awarded Lockheed Martin a $4.76 billion firm-fixed-price contract for the production of PAC-3 Missile Segment Enhancement interceptors, with work to be completed by June 30, 2030. The contract, which is primarily funded by foreign military sales, covers all manufacturing, hardware, equipment, technical planning, and management efforts associated with PAC-3 MSE production. The PAC-3 MSE is in high demand due to its capability to reliably defeat ballistic missiles at range. This award follows a January 2026 framework agreement between Lockheed Martin and the Pentagon to increase annual PAC-3 MSE production capacity. The contract was reported by AeroTime.