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Lockheed awarded $3.3B for PAC-3 missiles for Saudi Arabia, Kuwait

Lockheed awarded $3.3B for PAC-3 missiles for Saudi Arabia, Kuwait

Business
Dec. 24 (UPI) -- Lockheed Martin has been awarded a contract for Phased Array Tracking Radar to Intercept on Target Advanced Capability-3, or Patriot PAC-3, missiles for Saudi Arabia and Kuwait. The contract, announced Friday by the Department of Defense, is worth a total of $ 3.3 billion for production of the missiles, with associated ground support equipment and initial spares of both PAC-3 missiles and PAC-3 Missile Segment Enhancement interceptors. Production on the contract will occur in Alabama, Arkansas, Florida, Massachusetts and Texas, with the company being obligated $ 1.8 billion from fiscal 2019 other procurement Army funds. "PAC-3 and PAC-3 MSE give our customers unmatched, combat-proven hit-to-kill technology to address growing and evolving threats," Jay Pitman, vice preside...