Lockheed Martin has awarded $6.07 Billion Contract from the U.S. Army for PAC-3 MSE Production, Associated Equipment

Specifications:

Name:

Lockheed Martin has awarded $6.07 Billion Contract from the U.S. Army for PAC-3 MSE Production, Associated Equipment

Location:

Usa

Company:

Lockheed Martin

Estimated Cost:

$6.07 Billion

Source:

lockheedmartin.com

Introduction:

Lockheed Martin  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.

Features:

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.

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.