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Army

Army Picks Lockheed For Future Interceptor Development Effort Estimated At $1.08 Billion

By Matthew Beinart

Thursday, October 29th, 2026

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Army Picks Lockheed For Future Interceptor Development Effort Estimated At $1.08 Billion

Rendering of Lockheed Martin's PAC-3 Edge air defense interceptor for the Army's Future Interceptor program. Image: Lockheed Martin

The Army has officially picked Lockheed Martin [LMT] for the Future Interceptor development effort, estimating a project value of $1.08 billion that includes a $423 million cost-sharing commitment from the company. Lockheed Martin, which will receive $660.4 million in funding for the program, recently unveiled the new PAC-3 Edge interceptor as its solution for Future Interceptor, noting it plans to begin flight testing within the next 12 months. "PAC-3 Edge will strengthen the Arsenal of Freedom by giving American and…

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