Lockheed Martin Wins $58.6B PAC-3 Contract
5 sources · first reported 11h ago
The US Army has awarded Lockheed Martin a 7-year contract modification for the PATRIOT Advance Capability-3 Production program, valued at up to $58.6 billion. The contract replaces a previous 1-year undefinitized contract action and increases the production of PAC-3 missile interceptors. The deal is the largest-ever Patriot missile contract awarded to Lockheed Martin.
The contract signifies a major investment in the US military's air defense capabilities, with the PAC-3 system playing a critical role in protecting against missile threats. The large contract value also highlights the importance of the program to the US defense industry.
Multiple perspectives How official, independent, and adversary sources frame this story
The U.S. Army awards a $53.9 billion modification to Lockheed Martin for the PATRIOT Advance Capability-3 Production program, replacing a one-year contract with a seven-year contract.
Independent sources emphasize the large financial commitment of nearly $54 billion to $58.6 billion for the missile program, with some outlets calling it an 'eye-watering figure' and the 'largest-ever Patriot missile deal'.
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How this story unfolded across sources, oldest first.