What Happened
Framework Agreements Support Higher Production Rates For Critical Components
The Department of Defense has signed two framework agreements with Northrop Grumman, in coordination with Lockheed Martin, to expand production capacity for critical components supporting Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) and Terminal High Altitude Area Defense (THAAD) interceptors. The agreements aim to support a threefold increase in PAC-3 interceptor production and a fourfold increase in THAAD production. According to Northrop Grumman, the framework agreements are valued at over $3 billion. This development was reported by Military Aerospace.