Lockheed Martin secures USD 550 million order for PAC-3 interceptors

By Defence Industry Europe

American defence company, Lockheed Martin, has signed a contract for the production of a batch of PAC-3 interceptors for the U.S. Army and armed forces of foreign partners, including European countries.

According to a statement by the United States Department of Defense, the contract is valued at USD 556 million, and it is expected to be concluded by the end of 2023. PAC-3 interceptors to be produced under this order will be delivered to the U.S. Army and third countries: Bahrain, Kuwait, Poland, Qatar, South Korea, Switzerland, Taiwan, and the United Arab Emirates.

 

 

PAC-3 missiles defend against incoming threats – including tactical ballistic missiles, cruise missiles, and aircraft – through direct body-to-body contact, delivering exponentially more kinetic energy on the target than can be achieved with blast-fragmentation kill mechanisms.

 

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In November 2022, Lockheed Martin opened a new production facility for PAC-3 MSE interceptors to ramp up the production of these missiles. According to the company, from 2025, Lockheed Martin will have the capacity to produce 500 PAC-3 interceptors per year.

 

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