Pentagon strikes deals to boost Patriot, THAAD production amid strain on stocks due to Ukraine, Iran wars
The Pentagon signed framework agreements with Lockheed Martin and Northrop Grumman to increase production of Patriot PAC-3 and THAAD missile interceptor components.
The agreements aim to triple Patriot production and quadruple THAAD system output, with a second supplier for PAC-3 solid rocket motors.
Lockheed Martin received a $58.6 billion US Army contract for Patriot interceptor missiles, important for Ukraine's defense against ballistic missiles.
Northrop Grumman announced multi-year agreements worth over $3 billion to expand production of PAC-3 MSE components and increase THAAD component deliveries monthly over seven years.
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