Hello, Guest!
  • Tuesday, September 10, 2024

Lockheed to Provide Interceptor Missiles to Army, US Allies for $1B


PatriotMissileLockheed Martin (NYSE: LMT) will provide Patriot Advanced Capability-3 and PAC-3 Missile Segment Enhancement interceptor missiles to the U.S. Army and five international customers under a $1.5 billion contract in support of missile defense upgrades.

The company said Friday the contract covers the production and delivery of interceptors for the Army and foreign military sales of interceptors, spares and associated equipment to Qatar, Saudi Arabia, South Korea, Taiwan and the United Arab Emirates.

Scott Arnold, vice president of PAC-3 programs at Lockheed, noted that the company anticipates continued demand for interceptor missiles amid the current threat environment.

Lockheed said the PAC-3 system uses cruise missiles, tactical ballistic missiles and aircraft with hit-to-kill functions to provide missile defense capabilities.

Video of the Day

Related Articles

MTSI-Nou Systems JV Wins $637M MDA Contract to Support Layered Missile Defense System Contract Awards

MTSI-Nou Systems JV Wins $637M MDA Contract to Support Layered Missile Defense System

A joint venture between Modern Technology Solutions Inc. and nou Systems has won a potential $637.1 million contract to help the Missile Defense Agency develop a layered system for defending against missile attacks. Huntsville, Alabama-based nTSI will engineer hypersonic defense, cybersecurity, space and threat systems as part of the cost-plus-fixed-fee contract, the Department of Defense

System High Books $150M MDA Contract for Program Advisory, Assistance Services Contract Awards

System High Books $150M MDA Contract for Program Advisory, Assistance Services

System High has won a potential $150 million cost-plus-fixed-fee level-of-effort contract to provide the Missile Defense Agency with advisory and assistance services in support of its integrated missile defense system-related programs.  The company will help ensure MDS program protection and assist in emergency management as well as security development, implementation, test and maintenance efforts through

Lockheed to Back Saudi Arabia’s Defense Manufacturing With $1B Investment Industry News

Lockheed to Back Saudi Arabia’s Defense Manufacturing With $1B Investment

Ray Piselli, vice president of international business at Lockheed Martin (NYSE: LMT), said the company plans to spend as much as $1 billion on manufacturing initiatives in Saudi Arabia and expects the investment to help the country’s military industry regulator GAMI and state-owned defense company SAMI drive the domestic private sector. Piselli said Bethesda, Maryland-based