The U.S. Department of Defense awarded Lockheed Martin a $4.7 billion undefinitized contract. This agreement funds a significant production increase for Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) interceptors.
The expansion addresses surging demand from the U.S. military and international allies amid a strained security environment. These critical air defense systems intercept tactical ballistic missiles, cruise missiles, and aircraft.
This contract supports a broader Pentagon initiative to accelerate munitions output. The move responds to warnings about depleted stockpiles following heavy operational use in recent conflicts.
Lockheed Martin expects to deliver record numbers of these combat-proven interceptors under the deal. Work will be performed across multiple U.S. locations through 2030.