What Happened
Massive Army Deal Boosts Air Defense Production
Lockheed Martin has been awarded a $58.6 billion contract by the US Army for the production of the Patriot air and missile defense system. The seven-year contract supports the sustained production of the PAC-3 Missile Segment Enhancement interceptor, a key component of the US layered air and missile defense architecture. The agreement reflects continued investment in increasing industrial production capacity as demand for advanced air defense interceptors grows among the US and its international partners. This development was reported by Unknown Source.