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The defense giant will accelerate production of its Patriot Advanced Capability-3 Missile.
The Pentagon awarded Lockheed Martin a $4.7 billion contract to accelerate PAC-3 MSE production.
KEY POINTS
- 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
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