The United States and allied military forces will upgrade their missile defense capabilities under a new $1.1 billion contract for production and delivery of Lockheed Martin [NYSE: LMT]-built Patriot Advanced Capability-3 (PAC-3) missiles and PAC-3 Missile Segment Enhancement (PAC-3 MSE) missiles.

The contract includes PAC-3 and PAC-3 MSE interceptor deliveries for the U.S. Army, and Foreign Military Sales of PAC-3 interceptors, Launcher Modification Kits, associated equipment and spares for the Kingdom of Saudi Arabia, the Republic of Korea and Qatar.

"Our PAC-3 and PAC-3 MSE interceptors are the most trusted and capable terminal air defense missiles in the world, and we're proud to support our customers as they protect soldiers, citizens and infrastructure from adversary threats," said Scott Arnold, Lockheed Martin's vice president of PAC-3 programs. "All Lockheed Martin-built missile defense interceptors utilize advanced hit-to-kill technology enabling better accuracy, enhanced safety and improved reliability when it matters most."

The PAC-3 Missile is a high-velocity interceptor that defends against incoming threats including tactical ballistic missiles, cruise missiles and aircraft. PAC-3 currently provides missile defense capabilities for six nations – the U.S., the Netherlands, Germany, Japan, United Arab Emirates and Taiwan. In addition to the three countries included under this contract, Lockheed Martin is also under contract with Kuwait.

Building on the combat proven PAC-3, the PAC-3 MSE missile uses a two-pulse solid rocket motor that increases altitude and range to meet evolving threats.

prnewswire.com

The United States and allied military forces will upgrade their missile defense capabilities under a $524 million contract modification for production and delivery of Lockheed Martin Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors. This modification is in addition to the $944 million contract awarded on Dec. 21, 2017 for PAC-3 and PAC-3 MSE production and delivery.

The contract modifications include PAC-3 and PAC-3 MSE missile deliveries, launcher modification kits, associated equipment and spares.

"PAC-3 and PAC-3 MSE give our customers unmatched, combat-proven hit-to-kill technology to address growing and evolving threats," said Jay Pitman, vice president of PAC-3 programs at Lockheed Martin Missiles and Fire Control. "PAC-3 and MSE are proven, trusted and reliable interceptors that employ hit-to-kill accuracy, lethality and enhanced safety to address dangers around the world."

The PAC-3 is a high-velocity interceptor that defends against incoming threats, including tactical ballistic missiles, cruise missiles and aircraft. PAC-3 currently provides missile defense capabilities for 11 nations – the U.S., Germany, Kuwait, Japan, Qatar, the Republic of Korea, Kingdom of Saudi Arabia, Taiwan, the Netherlands, United Arab Emirates and Romania.  

Building on the combat-proven PAC-3, the PAC-3 MSE uses a two-pulse solid rocket motor that increases altitude and range to defend against evolving threats.

Source: prnewswire.com