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Lockheed to Supply Missile Interceptors to Foreign Military Clients Under $1B Contract Modification

Lockheed MartinÂ (NYSE: LMT) has received a $1.09 billion contract modification from the U.S. Army to produce air and missile defense interceptors for foreign military customers.

The company will build Patriot Advanced Capability-3 air defense missiles for Korea, Saudi Arabia and Qatar under a foreign military sales contract with the U.S. government, the Defense Department said Monday.

Lockheed will perform work in Texas, Arkansas, Massachusetts, Florida, Alabama and California through June 30, 2019.

PAC-3 is a high-velocity interceptor designed to destroy tactical ballistic missiles, cruise missiles and aircraft.

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State Department OKs Potential $700M Missile Sale to Switzerland

The State Department has cleared a potential $700 million sale of up to 72 modernized Patriot missile systems and associated equipment to the Swiss government. Lockheed Martin (NYSE: LMT) will serve as the principal contractor on the proposed foreign military sales agreement that will include trainers, skid kits, canister consumables, launcher stations heater controls and

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Lockheed Books $273M Army Contract Modification for PAC-3 Missile Production Support

Lockheed Martin (NYSE: LMT) has secured a $273 million contract modification to support the production of guided air and missile defense systems for the U.S. Army and foreign military sales customers. The defense contractor will provide hardware, equipment and facilities, as well as technical, planning, management, manufacturing and testing services for the manufacturing of Phased

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