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Missile Defense

New PAC-3 Agreement Possible With Guaranteed Cash Flows And Inflation Markers, Officials Say

Tuesday, January 6th, 2026

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New PAC-3 Agreement Possible With Guaranteed Cash Flows And Inflation Markers, Officials Say

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)

Defense Department and Lockheed Martin [LMT] officials confirmed specific measures around cash flows and accounting for inflation are key to a new framework agreement that aims to more than triple production of the Patriot Advanced Capability (PAC)-3 Missile Segment Enhancement (MSE). Lockheed Martin CEO Jim Taiclet told reporters during a Tuesday roundtable that two key cooperative elements of the framework that allow it to work for the company are the inclusion of an escalation index to cover inflation for ongoing…

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]

Congress

HASC Wants Info On Army’s Plans To Pursue Autonomous Aerial Delivery, Surface Vessels For Logistics

The House Armed Services Committee (HASC) added several measures to its version of the next defense policy bill seeking more details from the Army on efforts to develop future logistics […]