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What's happening with Patriot Missile Production Deal right now

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PoliticsFirst Post

US to ramp up Patriot missile production with $58.6 billion Lockheed deal as wars stretch arsenals

in5points
  1. The US Army awarded Lockheed Martin a contract worth up to $58.6 billion to ramp up Patriot interceptor missile production through 2032.

  2. The contract converts a one-year $4.7 billion deal into a seven-year framework covering fiscal years 2026 to 2032.

  3. Production will focus on Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptors, a key component of US air defense.

  4. The move aims to replenish weapons stockpiles depleted by wars in Iran and Ukraine.

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Mukesh Ambani

Network18

Reliance Industries (Mukesh Ambani)

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