A PAC-3 MSE launches July 1, 2024. (Photo courtesy of US Army).
WASHINGTON — The Army has awarded Lockheed Martin an undefined contract action (UCA) modification worth $53.86 billion for PAC-3 Missile Segment Enhancement interceptors, bringing the total value of the seven-year contract to $58.62 billion, the company and the Army announced today.
The contract comes just months after Lockheed was awarded a nearly $5 billion UCA for the interceptors in April.
“Today’s announcement turns concept into reality, providing industry with the long-term demand signals it needs to build a resilient supply chain, scale production, and deliver critical capabilities to our Warfighters at the speed of relevance,” Michael Duffey, the Defense Department’s undersecretary of war for acquisition and sustainment, said in a Lockheed Martin press release today.
The contract is undefinitized, meaning dollar values and quantities could change as negotiations continue. With such contract vehicles, the Pentagon does not have to wait for a final definitized deal and the vendor can get started on production even if there are roadblocks in the congressional appropriations process — notable, as the path forward for key funding around munitions is currently unclear on the Hill.
