# The defense giant will accelerate production of its Patriot Advanced Capability-3 Missile.

*business · news · 2026-04-10 · DefenseNews.com*

## Key points

- The Pentagon awarded Lockheed Martin a $4.7 billion contract to accelerate PAC-3 MSE production.
- Lockheed aims to increase annual PAC-3 interceptor output from 600 to 2,000 within seven years.
- Boeing will triple production of PAC-3 seekers under a new framework agreement with the Defense Department.
- The cost exchange for PAC-3 interceptors versus Iranian Shahed drones is 114-1 in Iran's favor.
- The Pentagon also plans to quadruple production of THAAD interceptor infrared seekers with BAE and Lockheed.

**Companies:** Lockheed Martin, Boeing, BAE Systems
**Countries:** United States

[Read the full story on DefenseNews.com](https://www.defensenews.com/industry/techwatch/2026/04/10/pentagon-lockheed-martin-agree-to-47-billion-pac-3-interceptor-deal/)

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