Lockheed Martin secures a $4.76 billion missile contract

Government

The company will produce PAC-3 Missile Segment Enhancement interceptors. Most of the contract is funded by Foreign Military Sales funds. On April 9, the U.S. Department of War announced a new $4,761,000,000 firm-fixed-price contract to produce PAC-3 Missile Segment Enhancement missiles. It will cover all incidental services, hardware, equipment, technical planning, management, and manufacturing efforts. Lockheed Martin’s Grand Prairie in Texas has been chosen as the program’s headquarters and

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