At the heart of the initiative is a framework agreement between the Department of War and Lockheed Martin that targets a jump ...

Lockheed Martin and the Pentagon announced plans to increase the annual production of the PAC-3 MSE interceptor from 600 to 2 ...

The PAC-3 is an interceptor missile engineered to strike and destroy inbound adversary missiles, including tactical ballistic ...

The Pentagon and Lockheed Martin on Tuesday (Jan. 6) announced a unique seven-year deal to boost production of advanced ...

The defense contractor said it plans to increase annual production of advanced Patriot missile interceptors from 600 to 2,000 ...

Bethesda-based Lockheed Martin reached a seven-year agreement to triple the annual production capacity for its PAC-3 missile ...

The Pentagon issued a seven-year contract under a new model to incentivize higher production capacity, meaning increased ...

The expanded manufacturing plan underscores a sustained build-up in air defence spending, with Lockheed Martin aligning ...

The framework agreement clears the way for talks over a contract to increase production of the most advanced variant from ...

HUNTSVILLE, Ala. - Boeing has been awarded a combination of multiyear contracts valued at approximately $2.7 billion to produce additional Patriot Advanced Capability‑3 (PAC‑3) seekers. Under the ...

(Reuters) –Boeing said on Tuesday it has secured about $2.7 billion in a combination of multi-year contracts to supply a key guidance component for the Patriot interceptor missiles. The contracts come ...

The production of missiles for the US Patriot system has reached record levels. But demand has surged so much that it may not be enough. Western countries are warily watching Russia and China, ...