Lockheed Receives $6B Army Contract for PAC-3 MSE Production
The Army has awarded Lockheed Martin a $6.07B contract to produce Patriot Advanced Capability-3 Missile Segment Enhanced interceptors and associated equipment.
Under the three-year contract, Lockheed shall deliver PAC-3 MSE interceptors, launcher modification kits, associated equipment and non-recurring efforts in support of U.S. and global customers, the company announced Thursday.
"PAC-3 MSE is one of the most capable multi-mission interceptors, enabling our customers to defend against advanced tactical ballistic missiles, cruise missiles and aircraft," said Scott Arnold, Lockheed's vice president for integrated air and missile defense.
Arnold said the award validates the company's ability to deliver premier technology geared toward defeating increasingly dangerous global threats.
Lockheed is currently building an 85K-square-foot expansion at its facility in Camden, Arkansas, to increase production capacity. The company assembles PAC-3 MSE interceptors at the site.
The expansion is expected to be completed by the fourth quarter of 2021 and operational starting the first quarter of 2022.
Ten nations have signed agreements to procure PAC-3 MSE interceptors: the United States, Qatar, Japan, Romania, Poland, the United Arab Emirates, Sweden, South Korea, Bahrain and Germany.
Lockheed is a global security and aerospace company headquartered in Bethesda, Maryland. It specializes in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Category: Contract Vehicles
Tags: Bahrain Contract Vehicles Department of Defense Germany Japan Lockheed Martin Missile Segment Enhancement MSE PAC-3 Patriot Advanced Capability-3 Poland Qatar Romania Scott Arnold South Korea Sweden the United Arab Emirates U.S. Army United States