Key facts
- Lockheed Martin is developing a more affordable version of its Patriot interceptor missile.
- The new missile is named the ACE.
- The move comes amid a surge in global demand for air defense systems.
Lockheed Martin is set to produce a more affordable version of its Patriot interceptor missile, known as the ACE, in response to a significant increase in global demand for air defense systems. The company aims to meet this heightened need with a cost-effective solution.