Pentagon Signs 7-Year Missile Deals With General Dynamics and Lockheed Martin

TLDR

• The U.S. Department of Defense signed 7-year framework agreements with General Dynamics and Lockheed Martin covering missile-defense production
• The deals cover the PAC-3 MSE and THAAD interceptor programs
• The Pentagon wants to triple PAC-3 MSE production capacity and quadruple THAAD capacity
• General Dynamics will scale production of interceptor components; Lockheed Martin is the prime contractor for both programs
• Final financial values were not disclosed; purchases remain subject to annual congressional funding

The U.S. Department of Defense has signed framework agreements with General Dynamics and Lockheed Martin to expand production of two key missile-defense systems. The deals set the stage for seven-year multiyear procurement contracts covering the Patriot Advanced Capability-3 Missile Segment Enhancement and Terminal High Altitude Area Defense programs.

The 🇺🇸 Military just signed 7 year agreements with Lockheed Martin $LMT and General Dynamics $GD

"to increase production quantities and accelerate delivery schedules for critical missile subcomponents supporting the Terminal High Altitude Area Defense (THAAD) and Patriot… pic.twitter.com/tC7ItkpJ9E

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