U.S. Army awards Lockheed Martin $4.76B PAC-3 MSE contract to accelerate Patriot interceptor production
The U.S. government awarded Lockheed Martin a $4.7 billion undefinitized/premilinary contract to produce Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, advancing accelerated output under a contract action described as a key production ramp. Lockheed had targeted raising annual PAC-3 interceptor output from ~600 to 2,000 over seven years.