What Happened
Seven-Year Framework Agreements Boost Missile Defense Capacity
The Pentagon has signed framework agreements with General Dynamics Ordnance and Tactical Systems and Lockheed Martin to expand production of PAC-3 and THAAD missile components. The agreements aim to triple Patriot Advanced Capability-3 Missile Segment Enhancement interceptor capacity and quadruple Terminal High Altitude Area Defense missile production. The seven-year multiyear procurement contracts are expected to provide a long-term demand signal, allowing the companies and lower-tier suppliers to invest in workforce and supply chain development. This development was reported by InsideDefense.com.