The story so far
Patriot Missile Production Deal
Tracked across 3 sources · Updated 11h ago
The US Army awarded Lockheed Martin a $58.6 billion contract to boost Patriot interceptor missile production through 2032, aiming to replenish depleted weapons stockpiles amid ongoing conflicts like the Iran war.
How it unfolded
1d ago
US awards $58.6 billion Patriot missile contract to Lockheed
What happened earlier
Latest updates
Latest
Full story →Pentagon Widens Patriot Missile Order to Nearly $59 Billion
The Pentagon increased its long-term Patriot missile order to nearly $59 billion.
The modified Army contract with Lockheed Martin is worth up to $53.9 billion, adding to a $4.7 billion order from April.
The U.S. also issued Lockheed a preliminary $35 billion multiyear contract for Thaad interceptors.
The seven-year contract aims to guarantee smoother supply through multiyear deals instead of annual purchases.
Both Patriot and Thaad contracts are undefinitized, lacking full congressional funding.
Earlier · 1d ago
Full story →US to ramp up Patriot missile production with $58.6 billion Lockheed deal as wars stretch arsenals
The US Army awarded Lockheed Martin a contract worth up to $58.6 billion to ramp up Patriot interceptor missile production through 2032.
The contract converts a one-year $4.7 billion deal into a seven-year framework covering fiscal years 2026 to 2032.
Production will focus on Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, a key component of US air defense.
The move aims to replenish weapons stockpiles depleted by wars in Iran and Ukraine.