Sign In
Search
Missile Defense

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

Rich Abott By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Missile Defense

Lockheed Martin Gets GM Defense-Made PAC-3 MSE Components Under One Month From Order

Missile Defense

Lockheed Martin Awards L3Harris $4.7 Billion PAC-3 MSE Propulsion Contract

Business/Financial

HII Executive Outlines Its Shipbuilding Acceleration Strategy

Missile Defense

L3Harris Chose To Not Be An SBI Prime, Instead Focusing As Propulsion Supplier

Trending

USAF, Northrop Detail Sentinel ICBM ‘Vertical Stacking’ Demo, On Track For Flight Tests In 2027
Meink: U.S. Has Orbital Space Weapons, SB-AMTI To Launch This Month, 500 CCAs by 2032
Skunk Works Plans First Flight of Vectis Prototype By End of Next Year
Pentagon Wants AI System to Understand and Predict Space Threats
AEVEX Completes $600 Million Acquisition Of USV Manufacturer BlackSea

Congress Updates

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume