Lockheed Martin Awarded $5.28 Billion Contract for Advanced Capability-3 Missile Defense System

Monday, 1 July 2024, 09:41

Lockheed Martin, a leading defense contractor, has successfully secured a $5.28 billion contract from the Army for the development and deployment of the Phased Array Tracking Radar to Intercept on Target (PATRIOT) Advanced Capability-3 system. This significant deal underscores the company's expertise in advanced defense technologies and its strategic partnership with the military. The contract is expected to enhance national security and create economic opportunities through defense projects. With this partnership, Lockheed Martin positions itself as a key player in missile defense systems, contributing to innovation and security in the defense sector.

Seeking Alpha — Lockheed Martin Awarded $5.28 Billion Contract for Advanced Capability-3 Missile Defense System

Lockheed Martin Awarded $5.28 Billion Army Contract

Lockheed Martin (LMT) has secured a $5.28 billion contract for the development of the Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 (PATRIOT) system.

Key Points:

Contract Value: $5.28 billion
System: PATRIOT Advanced Capability-3
Significance: Enhances national security
Impact: Economic opportunities and innovation

The project work is anticipated to significantly contribute to national security and technological advancements in missile defense systems.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Lockheed Martin Awarded $5.28 Billion Army Contract

Key Points:

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