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Missile Defense

Lockheed Martin Nabs $1 Billion Mod For PAC-3 Missiles

Friday, June 12th, 2020

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Lockheed Martin Nabs $1 Billion Mod For PAC-3 Missiles

Launch of Patriot Advanced Capability (PAC)-3 Missile Segment Enhancement (MSE) interceptor. (Photo: Lockheed Martin)

The Army awarded Lockheed Martin [LMT] a $1 billion modification on June 10 for Patriot Advanced Capability (PAC)-3 missiles services and equipment. The award covers incidental services, hardware, facilities, equipment, and all technical, planning, management, manufacturing, and testing efforts to produce PAC-3 missiles. This mod is related to the company’s April win of a $6 billion contract to produce an undisclosed amount of PAC-3 Missile Segment Enhancement (MSE) missiles and support equipment for the U.S. and international customers (Defense Daily,…

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