Pentagon Awards $58.6 Billion Patriot Contract to Lockheed Martin as Interceptor Stockpile Runs Low

Pentagon Awards $58.6 Billion Patriot Contract to Lockheed Martin as Interceptor Stockpile Runs Low

Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The Army has awarded Lockheed Martin a seven-year deal worth up to $58.6 billion to build Patriot interceptors as the US seeks to rapidly refill missile stockpiles that two wars have…

Lockheed Martin Wins $58.6 Billion Contract For Patriot Production

A $58.6 billion Army contract for Lockheed Martin reinforces long-term efforts to expand interceptor manufacturing for the Patriot air and missile defense system. The seven-year contract supports sustained production of the PAC-3 Missile Segment Enhancement interceptor, a key component of the United States’ layered air and missile defense architecture. Officials said the agreement reflects continued investment in increasing industrial production…

Lockheed Martin Secures $58.6 Billion PAC-3 MSE Contract

The U.S. Army has awarded Lockheed Martin a seven‑year contract worth up to $58.62 billion for PAC-3 MSE interceptors. This deal is the largest Patriot missile contract ever and formalizes a multiyear procurement plan (FY2026–2032) that triples PAC-3 output by 2030 and replenishes U.S. and allied air-defense stocks. It follows an earlier $4.7 billion award in April 2026 and supports the Pentagon’s new Acquisition Transformation Strategy to buy m…

Lockheed Martin Awarded Contract to Produce Patriot Missile Interceptors.

The U.S. Army awarded Lockheed Martin a contract worth up to $58.6 billion to produce Patriot interceptor missiles, the Pentagon said on Wednesday, as conflicts in Iran and Ukraine strain U.S. weapons stockpiles. The U.S. [...]