The US Army contracted Lockheed Martin for up to $58.6 billion to produce Patriot interceptor missiles, expanding production through 2032. The contract reflects strain on US weapons stockpiles from ongoing conflicts in Iran and Ukraine.
The U.S. Army awarded Lockheed Martin a contract valued between $58.6 billion and $75 billion for Patriot interceptor missile production. The deal responds to depleted stockpiles caused by conflicts in Ukraine and tensions with Iran straining air defence inventories.