What Happened
Defense Demand Drives Investment In Surface-To-Air Missile Systems
Boeing is increasing its air defense production capacity to meet growing demand for surface-to-air missile systems, according to the company’s defense boss. The move comes as the company has produced about 6,500 seekers for the Patriot Advanced Capability-3 system over the past 26 years. Boeing has invested around $200 million to expand its production capabilities, recognizing the increasing importance of air defense systems. This development was first reported by Aviation Week.