Pentagon and Lockheed Martin Finalize $4.7 Billion Deal to Boost PAC-3 Interceptor Production
The Pentagon has finalized a $4.7 billion contract with Lockheed Martin to accelerate the production of the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement interceptors. This agreement follows a framework established in January, aiming to deliver record numbers of these interceptors to American and allied forces. Lockheed Martin's president of Missiles and Fire Control, Tim Cahill, emphasized the company's investments in facilities, workforce, and supply chain to ensure delivery at scale and speed. The PAC-3 interceptors are designed to identify and track threats, including ballistic missiles and hypersonics, using Boeing-made PAC-3 seekers. The interceptors engage and eliminate threats through direct body-to-body contact. The contract comes amid scrutiny over the U.S. military's reliance on costly interceptors against cheaper munitions, such as those deployed by Iran during Operation Epic Fury. 
