Lockheed Martin [LMT] Monday said it received a $212 million contract from the Army Aviation and Missile Command for Patriot Advanced Capability-3 (PAC-3) Maintenance and Surveillance services to U.S. and international PAC-3 customers from the Missile Support Center.
The Maintenance and Surveillance services begin immediately at U.S. Lockheed Martin facilities.
Lockheed Martin is the prime contractor on the PAC-3 Missile Segment of the Patriot air defense system. The PAC-3 missile defends against advanced tactical ballistic and cruise missiles, and fixed- and rotary-wing aircraft.
As the most technologically advanced missile for the Patriot air defense system, PAC-3 significantly increases the Patriot system’s firepower, as 16 PAC-3s can be loaded in place of only four legacy Patriot PAC-2 missiles on the Patriot launcher.
PAC-3 is currently part of the inventory of six nations: the United States, the Netherlands, Germany, Japan, the United Arab Emirates and Taiwan. Lockheed Martin is under contract to provide assets to a seventh nation, Kuwait.