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Lockheed Martin Nabs $6 Billion In PAC-3 MSE Missiles And Equipment

Rich Abott By
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Lockheed Martin Nabs $6 Billion In PAC-3 MSE Missiles And Equipment
A PAC-3 Missile Segment Enhancement (MSE) missile test is conducted at the White Sands Missile Range, N.M. as part of a flight test for the U.S. Army in 2016. (Photo: Lockheed Martin)

The U.S. Army awarded Lockheed Martin [LMT] a $6 billion contract on April 30 to produce an undisclosed amount of Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and associated support equipment. The DoD contract announcement said this firm-fixed-price contract covers incidental services, hardware, facilities, equipment and all technical, planning, management, manufacturing and testing efforts to produce the missiles. Lockheed Martin explained the contract includes the interceptor missiles, launcher modification kits, associated equipment and non-recurring efforts to support the U.S.…

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