The U.S. Army awarded Lockheed Martin a $9.8 billion multiyear contract to produce nearly 2,000 of the most advanced variant of the Patriot air and missile defense missile , the service announced in a Wednesday joint signing ceremony at Lockheed’s Grand Prairie, Texas, facility.
The contract marks the largest deal in the history of the company’s Missiles and Fire Control unit.
The agreement covers the fiscal years 2024 through 2026 and calls for the procurement of 1,970 Patriot Advanced Capability-3 Missile Segment Enhancement interceptors and associated hardware for the U.S. and allies, according to the service’s statement.
“PAC-3 MSE’s recent combat performance solidified it as a must-have capability for America and its allies around the world,” Jason Reynolds, Lockheed’s vice presi