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Lockheed wins $58.6B deal to produce Patriot interceptors
- 30 July, 2026
- 09:27
The US Army has awarded Lockheed Martin a contract worth up to $58.6 billion to produce Patriot interceptor missiles, Report informs, citing Reuters.
The Pentagon said the deal comes as conflicts in Iran and Ukraine are straining US weapons stockpiles.
According to the US Army, the award converts a previous one-year $4.7 billion deal signed in April into a seven-year procurement plan covering fiscal years 2026 through 2032.
Lockheed said the funding would allow it to triple production capacity for PAC-3 MSE interceptors by the end of 2030 and increase staffing at its Camden, Arkansas, plant by 50%, to about 1,850 workers.
The company also said it is investing $8 billion to $9 billion through 2030 to modernize more than 20 US facilities, including new munitions centers in Alabama and Arkansas.
PAC-3 MSE is a hit-to-kill interceptor used in the Patriot air defense system to counter ballistic missiles, cruise missiles and aircraft.