The U.S. Army has awarded Lockheed Martin a $53.86 billion firm-fixed-price contract modification for the PATRIOT Advanced Capability-3 Production program, the U.S. Department of Defense announced on July 30, 2026. The modification converts the current one-year undefinitized contract action into a seven-year multiyear procurement covering the hardware, equipment, and manufacturing efforts required to produce PAC-3 Missile Segment Enhancement missiles. Read full Defense News at this link …
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