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Army

Lockheed Nabs $53.9 Billion Add To PAC-3 MSE Deal, Boosts Multi-Year Award To Nearly $59 Billion

By Matthew Beinart

Thursday, July 30th, 2026

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Lockheed Nabs $53.9 Billion Add To PAC-3 MSE Deal, Boosts Multi-Year Award To Nearly $59 Billion

PAC-3 MSE interceptor is fired.(Official U.S. Army photo)

The Army has awarded Lockheed Martin [LMT] a $53.9 billion contract modification that will support a recently-signed framework aimed at boosting production of Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors in the coming years. The seven-year, undefinitized action follows a $4.8 billion PAC-3 production from April, now considered year one of the new contract, with the multi-year deal now totaling $58.7 billion. “The new funding further enables Lockheed Martin to supercharge PAC-3 MSE production and triple capacity by…

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