Lockheed Wins $308M Kuwait Missile Sale; Richard McDaniel Comments

lockheed martinLockheed Martin (NYSE: LMT) has won $308 million contract modification to produce weapons for Kuwait under a foreign military sales contract awarded by the U.S. Army.

Work includes manufacturing of 244 Patriot Advanced Capability-3 missiles and deliveries are scheduled to start next year,  Lockheed said Monday.

LinkedIn Join Us

The contract also covers 72 launcher modification kits and other supplies.

Richard McDaniel, Lockheed vice president of PAC-3 missile programs, said Kuwait aims to bolster its defense posture.

Kuwait becomes the sixth country to purchase the PAC-3, joining countries such as Germany, Japan, Netherlands, Taiwan and the United Arab Emirates.

Lockheed produces warheads and offers related services as the prime contractor for the Patriot defense system’s PAC-3 segment development program.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles