As demand for missile defense interceptors continues to rise around the globe, the US Army awarded Lockheed Martin a $9.8 billion contract for Patriot missiles, the largest in the company’s history.
It is the largest order ever of Patriot missiles, covering close to 2,000 missiles and related hardware. Lockheed is manufacturing the newest version of the interceptors that arm the Patriot, known as PAC-3 MSE, which costs about $4 million each, according to Army budget documents.
The Navy also anticipates integrating the Lockheed Martin-made missiles with ships’ air defenses.
The defense contractor will quadruple production of its high-end Thaad missile-defense systems
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