1 source · first reported 1h ago
The US Army has awarded Lockheed Martin a $53.8 billion modification to the PATRIOT Advance Capability-3 Production program contract, replacing a 1-year undefinitized contract action with a 7-year contract. The contract supports the procurement of PATRIOT Advanced Capability-3 Missile Segment Enhancement interceptors from FY26 to FY32. The not-to-exceed ceiling has been increased to $58.6 billion.
This contract award signifies a significant investment in the US Army's air defense capabilities, ensuring the continued production and modernization of the PATRIOT missile system. The 7-year contract provides long-term support for the Army's missile defense needs.
How this story unfolded across sources, oldest first.