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Lockheed Martin Triples PAC-3 Missile Production
Published 1 week, 1 day ago
Description
Lockheed Martin secures a seven-year deal with the U.S. Defense Department to triple PAC-3 Missile Segment Enhancement production, aligning with the Pentagons push for multi-year contracts. This agreement, worth billions, will support the Armys order for nearly two thousand PAC-3 missiles and aims to increase production rates by three to four times long-term. The deal underscores Lockheeds position in a growing defense market and stable procurement, setting the stage for reliable growth amidst global threats.
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