Lockheed Martin secures more than $6B Army missile contract

Global security and aerospace company Lockheed Martin has secured a $6.07 billion Army contract to produce Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) interceptors and associated equipment.

“This contract demonstrates our customer’s continued confidence in our ability to deliver unmatched Hit-to-Kill technology that defeats the ever-expanding global threats of today and tomorrow,” Scott Arnold, vice president, Integrated Air & Missile Defense at Lockheed Martin Missiles and Fire Control, said. “PAC-3 MSE is one of the most capable multi-mission interceptors, enabling our customers to defend against advanced tactical ballistic missiles, cruise missiles, and aircraft.”

The scope of work involves the production and delivery of PAC-3 MSE interceptors, launcher modification kits, associated equipment, and non-recurring efforts to support the United States and global customers. The product will be delivered across FY21, FY22, and FY23 contract years.

Lockheed Martin is currently building an 85,000-square-foot expansion at the Camden, Arkansas, facility where PAC-3 MSE interceptors are assembled, officials said, noting the site is expected to be completed by the fourth quarter of 2021, with operations beginning in first quarter 2022.

The United States is among 10 countries that have signed agreements to procure PAC-3 MSE interceptors, joining Qatar, Japan, Romania, Poland, the United Arab Emirates, Sweden, Korea, Bahrain, and Germany.