Boeing announced it had won and undefinitized seven-year contract to triple its production of the PAC-3 Missile Segment Enhancement (MSE) seekers.
The $14.7 billion contract by Lockheed Martin would allow Boeing to scale production and triple its output under its seven-year framework agreement with the U.S. Department of War. This award formalizes that framework, officials said. The increased production supports the Pentagon’s Acquisition Transformation Strategy and strengthens the country’s “Arsenal of Freedom,” the company said.
“Early investment and a relentless focus on quality and execution have positioned us to now deliver seekers at unprecedented levels in the near-term, and we’re committed to building on that momentum,” Steve Parker, president and CEO of Boeing Defense, Space & Security, said. “Our Boeing teammates could not be prouder of the role they play in protecting U.S. and allied service members, civilians and critical infrastructure worldwide.”
Boeing-built seekers allow Patriot Interceptors to identify, track and engage advanced threats from hostile aircraft to hypersonic, ballistic, and cruise missiles, the company said. In addition to recent capital investments to expand its PAC-3 seeker factory, Boeing said it has strengthened its supplier relationships to be more agile, more affordable, and more resilient. The company said it has also modernized its facilities with cutting-edge technology and improved its processes and controls to increase quality.
The company also said production ramp-up and hiring to support the capital investment started earlier this year, in advance of creating hundreds of direct and indirect jobs in its facility in Huntsville, Ala.