Lockheed Martin Secures $203M Contract for PAC-3 Missile Restoration for US Army
DEFENSE
Lockheed Martin has secured a $202.8 million contract from the US Army to inspect, recertify, and repair Patriot Advanced Capability-3 (PAC-3) missiles, extending their service life through June 30, 2028. The contract, which includes funding from a Foreign Military Sales agreement for Taiwan, is overseen by the Army Contracting Command at Redstone Arsenal, Alabama, and emphasizes restoring existing missiles rather than producing new ones.

Jan 23, 2026, 6:09 AM