Lockheed Martin PAC-3 funding reaches $58.62 billion, supporting higher production, new jobs and defense expansion.

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

The two seven-year contracts will ramp up production of the PAC-3 missiles and THAAD interceptors. The agreements come as U.S. forces face missile and drone systems shortages amid…