
Lockheed Martin [LMT] this week announced U.S. and Spanish officials formally agreed for the latter to purchase the company’s Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles, making it the 16th user country. PAC-3 MSE is billed as having capabilities to defend against various threats like tactical ballistic missiles, cruise missiles, hypersonic weapons, and aircraft. “At Lockheed Martin, we’re devoted to helping our customers stay ahead of new, highly contested threats,” Brian Kubik, vice president of PAC-3 Programs at…