The record
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- The Pentagon has awarded Lockheed Martin a $59 billion contract to triple production of Patriot PAC-3 MSE interceptor missiles over the next seven years.
- The deal builds on a $4.7 billion April contract and aims to raise output from roughly 600 missiles a year to about 2,000 by 2030, with Lockheed hiring 650 more workers in Camden, Arkansas.
- The move is part of the Trump administration's effort to replenish munitions stocks drained by the Iran war, alongside a similar THAAD production deal and a recent invocation of the Defense Production Act.
- The Pentagon is also drawing on commercial manufacturers, including automakers like General Motors, to help expand missile production capacity.
What to watch next
- Whether Lockheed stays on track to reach around 2,000 PAC-3 MSE missiles a year by 2030
- Progress of Lockheed's exploration of General Motors' role in weapons production
- L3Harris's ramp-up of solid rocket motor and component output for PAC-3 MSE and THAAD
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Named United States · Iran · Israel · Arkansas · Camden · Donald Trump · General Motors · L3Harris Technologies · Lockheed Martin · PAC-3 MSE · Pentagon · THAAD
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