Lockheed Martin secures record framework agreement for PAC-3 MSE missiles
Lockheed Martin has signed a landmark multi-year contract worth up to $53.86 billion with the US Department of Defense for PAC-3 MSE interceptor missiles.
US defense contractor Lockheed Martin has signed a landmark multi-year framework agreement with the US Department of Defense for the production and delivery of PAC-3 Missile Segment Enhancement (MSE) surface-to-air missiles. The deal carries a potential maximum value of up to $53.86 billion (€51 billion).
When combined with previously awarded allocations, the total cumulative value of the multi-year procurement package reaches $58.62 billion. The framework agreement is designed to expand manufacturing capacity for the advanced air defense interceptors to satisfy growing demand from both the United States and international allied militaries.
Sources: Hartpunkt.