Army awards Lockheed Martin $4.7B to accelerate PAC-3 MSE production

Lockheed Martin/PAC-3 MSE production ramp

The Army awarded Lockheed Martin a $4.7 billion undefinitized contract action for accelerated PAC-3 MSE production, the first contract under the January framework. It funds work to raise production capacity for the interceptor.

• Undefinitized: work starts before final price and terms are agreed.
• PAC-3 MSE counters ballistic missiles, cruise missiles and aircraft.