DALLAS, April 30, 2020 /PRNewswire/ -- Lockheed
Martin (NYSE: LMT) received a $6.07
billion contract from the U.S. Army for the production of
Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement
(MSE) interceptors and associated equipment, to be delivered across
FY21, FY22 and FY23 contract years.
The contract calls for 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.
"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,"
said Scott Arnold, vice president,
Integrated Air & Missile Defense at Lockheed Martin Missiles
and Fire Control. "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."
To meet customer demand and increase production capacity,
Lockheed Martin is currently building an 85,000-square-foot
expansion at the Camden, Arkansas,
facility where PAC-3 MSE interceptors are assembled. The building
is expected to be complete by fourth quarter 2021, with operations
beginning in first quarter 2022.
Ten nations – the United
States, Qatar, Japan, Romania, Poland, the United
Arab Emirates, Sweden,
Korea, Bahrain and Germany – have signed agreements to procure
PAC-3 MSE interceptors. For additional information, visit our
website.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
110,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
services.
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SOURCE Lockheed Martin