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Army

Lockheed Martin Receives $921 Million in Patriot PAC-3 Work

Cal Biesecker By
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Lockheed Martin [LMT] yesterday said it received contracts totaling $921 million for hardware and services associated with the combat-proven Patriot Advanced Capability-3 (PAC-3) Missile Segment program.  The contract, issued by U.S. Army Aviation and Missile Command, includes Fiscal Year 2012 (FY12) missile and command launch system production for the Army and a follow-on sale of the PAC-3 Missile Segment to Taiwan. In 2009, Taiwan became the fifth international customer for the PAC-3 Missile Segment (Defense Daily, Dec. 24, 2009). The…

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