The US Department of Defense has awarded Lockheed Martin a $5.3 billion multi-year contract for the production of PATRIOT PAC-3 MSE interceptor missiles. The entirety of the funds, including Missile Procurement, Army, and Foreign Military Sales, are being obligated at this time. This contract aims to enhance the production of advanced Patriot missiles, with the US Army specifically signing a $4.5 billion contract for 870 Patriot Air Defense Missiles and related equipment. Each PAC-3 MSE missile, which arms the Patriot system, costs approximately $4 million.
The US Army has signed a $4.5 billion contract with Lockheed Martin for 870 PAC-3 MSE missiles and related equipment. These anti-aircraft missiles, which arm the Patriot system, cost approximately $4 million each. https://t.co/WrpW4UyWli
πΊπΈ #US army awards Lockheed Martin $LMT $4.5 bln multi-year Patriot Missiles contract π
The US Army signs a $4.5 billion contract with Lockheed Martin to produce 870 Patriot Air Defense Missiles. https://t.co/3w2EA6k5AQ
US army awards Lockheed Martin $4.5 bln multi-year Patriot Missiles contract https://t.co/Xi6757vhSY https://t.co/Q7qaSSanZT
Update: The Pentagon: We awarded a multi-year contract to Lockheed Martin to enhance the production of advanced capable Patriot missiles.
π¨π¨πΊπ² BREAKING: The Department of Defense has awarded Lockheed Martin a $5.3 BILLION contract for PATRIOT PAC-3 MSE interceptor missiles. The entirety of funds, both Missile Procurement, Army, and Foreign Military Sales, are being obligated at this time. https://t.co/6sK1QmBQ7z