Pentagon awards Lockheed Martin up to $58.62B for seven years of PAC-3 MSE production

Lockheed Martin/PAC-3 MSE production ramp

The US government added a seven-year contract modification worth up to $53.86 billion to April's $4.7 billion action, for a multiyear PAC-3 MSE total of $58.62 billion. Lockheed says the money will let it triple interceptor production capacity by the end of 2030.

• Camden, Arkansas staff to rise about 50%, from 1,200 to roughly 1,850.
• Lockheed plans $8-9B through 2030 to modernise more than 20 US facilities.
• Second multiyear deal of this kind, after a $35B THAAD contract in June 2026.
• The award is undefinitized; final terms are still being set.