Pentagon, Lockheed Martin agree to $4.7 billion PAC-3 interceptor deal
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The Pentagon has agreed to terms with Lockheed Martin on a $4.7 billion contract for the defense giant to accelerate production of its Patriot Advanced Capability-3 Missile Segment Enhancement interceptor. The contract, which follows a framework agreement announced in January, will allow Lockheed to “deliver record numbers of combat-proven interceptors for American and allied forces this year,” the company announced Friday. “Our investments in our facilities, workforce and supply chain ensure we
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