The story so far
Patriot Missile Production Surge
Tracked across 3 sources · Updated 3h ago
The US Army awarded Lockheed Martin a contract up to $58.6 billion to increase Patriot interceptor missile production through 2032, as conflicts deplete stockpiles. Production aims to triple by 2030. A commander warned of strained advanced interceptor inventories due to Iran conflict.
How it unfolded
2d ago
Commander warns interceptor stockpiles strained by Iran war
4d ago
Deal aims to triple Patriot missile production by 2030
5d ago
US Army awards Lockheed $58.6B Patriot missile contract
What happened earlier
Latest updates
Latest
Full story →US missile stockpiles under strain as Iran conflict raises defence concerns: Report
A senior US commander warned the Pentagon about strain on missile defence resources due to ongoing operations against Iran.
Gen. Alexus Grynkewich, chief of US European Command, told officials the US lacks adequate naval assets to keep intercepting Iranian ballistic missile strikes on Israel.
The warning raises concerns about sustainability of support for Israel and future military readiness.
The strain could force hard decisions on missile defence resource allocation.
Earlier · 4d ago
Full story →US signs mega $58.6bn deal for Patriot missiles as stock runs low amid Iran war
US signed a $58.6 billion contract with Lockheed Martin for Patriot interceptor missiles.
The deal addresses low stock of Patriot missiles amid tensions related to Iran.
The contract is one of the Pentagon's largest for missile production.
The missiles are designed to intercept incoming threats, including ballistic missiles.
Earlier · 3d ago
Full story →From 600 to 2,000 per year: US strikes $58.8 billion deal with Lockheed to triple Patriot missile production
The US Pentagon signed a deal worth up to $58.6 billion with Lockheed Martin to triple production of Patriot interceptor missiles over seven years.
Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) production will increase from 600 to 2,000 missiles per year by 2030.
The deal extends a $4.7 billion contract and will boost jobs at Lockheed's Camden, Arkansas, plant by 50% to about 1,850 employees.
Lockheed plans to invest $8 billion to $9 billion through 2030 to modernize more than 20 US facilities, including new munitions centers in Alabama and Arkansas.
A similar deal was struck with Raytheon's parent company RTX to boost production of Tomahawk missiles.