Tag Archives: Pac-3

Saudi Arabia Plans $2B Patriot Missile Purchase; Lockheed, Raytheon Prime Contractors

The State Department has approved Saudi Arabia’s request to purchase a Patriot Air Defense System from the U.S. government under a potential $1.75 billion foreign military sales agreement. The system consists of a set of Patriot Advanced Capability-3 missiles and associated parts and equipment, as well as personnel training and logistics and …

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Lockheed Awarded $611M to Build PAC-3 Missiles, Launcher Mod Kits

Lockheed Martin (NYSE: LMT) will build 92 Patriot Advanced Capability-3 missiles and 50 launcher modification kits under a $610, 892, 663 modification awarded by the U.S. Army. The Army is obligating $873, 811, 534 in fiscal year 2013 and 2014 funds for work through May 31, 2016, the Defense Department said Friday. Contract work …

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Lockheed Wins $755M for Army PAC-3 Missile

Lockheed Martin (NYSE: LMT) has won a $755, 134, 781 contract to produce an air defense missile for the U.S. Army, the Defense Department announced Thursday. According to the company,  Patriot Advanced Capability-3 is a “hit-to-kill” terminal air defense missile designed to defend against adversarial tactical ballistic missiles, cruise missiles …

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Lockheed Reports 4% Higher Electronic Systems Sales for 3Q 2012

Lockheed Martin (NYSE: LMT) has announced financial results for its fiscal year 2012 third quarter ended Sept. 30, 2012, reporting a four percent increase in net sales for the electronic systems segment from the prior year period. The company reported $3.81 billion in net sales for that segment during 2012’s …

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