The US Army awarded Lockheed Martin a significant contract for Patriot interceptor missiles. This deal aims to bolster depleted weapons stockpiles due to ongoing global conflicts. The agreement converts a previous one-year deal into a seven-year procurement plan. Lockheed will triple production capacity and increase jobs at its Arkansas plant. This move supports efforts to increase missile output and modernize facilities.

The Pentagon on Monday announced a seven-year framework agreement with defense contractors L3Harris and Lockheed Martin to expand production capacity for

The Pentagon announced an agreement to rapidly expand production of specific components found in Patriot missile interceptors.

Escalating tensions with Iran have severely drained the stock of U.S. missile interceptors, notably affecting the inventory levels of Patriot and THAAD systems. This depletion…

The military has used approximately a third of its Patriot missile interceptors and about half of its THAAD ballistic missile interceptors.