Tag Archives: Pac-3

Lockheed Gets $1B PAC-3 Missile Production Funds

Lockheed Martin (NYSE: LMT) has secured $1.04B contract modification to support the production of updated guided air and missile defense systems for the U.S. Army and seven foreign countries. Work covers planning, technical, management, incidental, testing and manufacturing services for the Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles, the Department of Defense said Wednesday.

Read More »

Lockheed Gets $282M Modification on Army PAC-3 Support Center Services Contract

Lockheed Martin (NYSE: LMT) will help in the post-production efforts of the Patriot Advanced Capability-3 missile support center under a $282 million contract modification from the U.S. Army. Work will run through May 19, 2019, and will support local clients and foreign military sales customers Germany, Japan, Kuwait, Netherlands, Qatar, Saudi Arabia, …

Read More »

Boeing expands Alabama facility to speed PAC-3 missile production

TYSONS CORNER, VA, April 10, 2018 — Boeing (NYSE: BA) has expanded its missile plant in Huntsville, Alabama, in an effort to speed the production of a weapons system designed to protect the U.S. from hostile missiles and aircraft, ExecutiveBiz reported Monday. The move will also create 70 new jobs …

Read More »

Lockheed, Poland Seal PAC-3 MSE Missile Deal

Poland and Lockheed Martin (NYSE: LMT) have signed an agreement for the company to build Patriot Advanced Capability-3 Missile Segment Enhancement missiles and associated equipment for the Polish military. Lockheed said Wednesday Poland will be its fifth international customer to procure PAC-3 MSE missiles. The system is designed to engage ballistic missiles, cruise missiles …

Read More »

State Dept OKs Sweden’s Request for $3.2B in Patriot Missile Systems

The State Department has approved Sweden’s request to buy Patriot missile systems and related services from the U.S. government under a potential $3.2 billion foreign military sales agreement. Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the proposed FMS deal that covers the procurement of four Patriot Configuration-3+ modernized …

Read More »

Lockheed Gets $524M US, Intl Patriot Missile Contract Modification

Lockheed Martin (NYSE: LMT) has received a three-year, $523.8 million contract modification for the supply of updated Patriot missiles to the U.S. Army as well as Qatar, Saudi Arabia and Romania. The company will provide Patriot Advanced Capability-3 enhancement and cost reduction initiative missiles along with complementary support equipment through the modified domestic and …

Read More »

State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to …

Read More »