Lockheed Martin Secures a $130M Army Contract for PAC-3 Missiles

Lockheed Martin Corp. (LMT) recently clinched a contract to provide technical assistance support for the Phased Array Tracking Radar to Intercept on Target (PATRIOT) Advanced Capability-3 (PAC-3) missiles. The award has been offered by the U.S. Army Contracting Command, Redstone Arsenal, AL.The contract, valued at $129.7 million, is expected to be completed by Nov. 30, 2027. Work related to this deal will be carried out in Bahrain, Kuwait, Poland, Qatar, Switzerland, the United Arab Emirates, Saudi Arabia a ...