What Happened
Seven-Year Framework Agreements Boost Production Capacity
The Department of War has announced the signing of two seven-year framework agreements with General Dynamics and Lockheed Martin to expand interceptor production for THAAD and Patriot programs. The agreements aim to triple PAC-3 MSE and quadruple THAAD interceptor capacity, providing a durable foundation for both companies to scale their production. Lockheed Martin’s stronger Q2 growth and backlog momentum may give it an edge over General Dynamics, but execution risks and supply chain pressure could impact its long-term investment outcome. This development was first reported by Insider Monkey.