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DoD and Lockheed Martin Sign Framework Agreement To More Than Triple PAC-3 MSE Production

Rich Abott By
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DoD and Lockheed Martin Sign Framework Agreement To More Than Triple PAC-3 MSE Production
Launch of Patriot Advanced Capability (PAC)-3 Missile Segment Enhancement (MSE) interceptor. (Photo: Lockheed Martin)

The Department of Defense and Lockheed Martin [LMT] on Tuesday announced a new seven year-long framework agreement aimed at pushing annual production of the Patriot Advanced Capability (PAC)-3 Missile Segment Enhancement (MSE) interceptors from about 600 currently to 2,000. DoD said the agreement establishes a "transformative new acquisition model” to expand production of the munitions by providing long-term demand certainty, incentivizing industrial investment for higher production, cut lead times, drive supply chain management efficiencies and reduce upfront government investments. It…

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