Lockheed awarded $341 million missile contract

Lockheed Martin has received a contract for $341 million from the US Army Aviation and Missile Command for the production of 88 Patriot Missiles.

Lockheed Martin has received a contract for $341 million from the US Army Aviation and Missile Command (AMCOM) for the production of the Patriot Advanced Capability (PAC-3) Missile.

Under the contract, Lockheed Martin Missiles and Fire Control will produce 88 PAC-3 Missiles plus other associated hardware.

Production of all equipment will take place at the company’s manufacturing facilities in Dallas and Lufkin, Texas, and the PAC-3 Missile All-Up Round facility in Camden, Arkansas.

‘The PAC-3 Missile is the world’s most effective hit-to-kill air defence missile, and we’re pleased to provide the US Army with this powerful system,’ said Ed Squires, senior vice president – Air Defence Programs for Lockheed Martin Missiles and Fire Control.

Lockheed Martin Missiles and Fire Control is the prime contractor responsible for the PAC-3 Missile Segment upgrade, which consists of the PAC-3 Missile, missile canisters, the Fire Solution Computer (FSC) and the Enhanced Launcher Electronics System (ELES).

According to Lockheed Martin, the PAC-3 Missile is a high velocity, hit-to-kill missile and is the next generation Patriot missile being developed to provide increased capability against advanced theater ballistic missile, cruise missile and hostile aircraft.