US Awards $58.6B Patriot Missile Deal
7 sources · first reported 18h ago
The US Army has awarded Lockheed Martin a 7-year contract worth up to $58.6 billion to produce Patriot interceptor missiles. This contract modification replaces a previous 1-year undefinitized contract action and increases the production of Patriot Advanced Capability-3 Missile Segment Enhancement interceptors. The deal is the largest-ever for the Patriot missile program.
The contract highlights the US military's efforts to enhance its missile defense capabilities and replenish its stockpiles. The Patriot missile system is a critical component of the US military's air and missile defense strategy.
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The U.S. Army awarded Lockheed Martin a $53.9 billion modification to the PATRIOT Advance Capability-3 Production program contract, replacing a one-year undefinitized contract action with a seven-year contract.
The contract is worth up to $58.6 billion to produce Patriot interceptor missiles, with some outlets noting the large figure and its implications for missile production and stockpile concerns.
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