Billions in the Sky: Lockheed Martin Wins Major Missile Defense Contract

The U.S. Army is pouring billions into the innovative PAC-3 system; experts say that this will “change the rules of the game in air defense”

Billions in the Sky: Lockheed Martin Wins Major  Missile Defense Contract

Photo: Lockheed Martin

Lockheed Martin has won a significant contract from the U.S. Army worth $5.28 billion. The contract is for developing and producing the advanced PAC-3 (Phased Array Tracking Radar to Intercept on Target Advanced Capability-3) for the Patriot missile defense system.

According to the announcement, the project is expected to be completed by June 30, 2027. The PAC-3 system is a central part of the U.S. Army's air defense network and is used to intercept missiles and enemy aircraft.

This win follows a previous contract with the U.S. Army. In March 2023, Lockheed Martin received a $1.9 billion contract for the Terminal High Altitude Area Defense (THAAD) missile defense system. This system provides additional protection against high-altitude ballistic threats.

These contracts strengthen Lockheed Martin's position as one of the leading companies in the global defense industry and highlight continued U.S. investment in advanced defense technologies. This points to a continuing trend of strengthening the U.S. air defense systems.

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