What Happened
Deal To Triple Production And Create Hundreds Of Jobs
Boeing has been awarded a $14.7 billion contract to accelerate production of PAC-3 seekers, which will triple output and create hundreds of jobs in the Huntsville area. The contract, awarded by Lockheed Martin, is part of a larger $53.86 billion deal with the DoD for PAC-3 MSE interceptors. Boeing will deliver PAC-3 Missile Segment Enhancement seekers, which enable Patriot interceptors to identify and engage advanced threats. According to a Boeing news release, the company has made recent capital investments to expand its PAC-3 seeker factory and strengthen supplier relationships. This development was first reported by the Huntsville Business Journal.