Army awards Lockheed Martin $58.6 billion in largest-ever PAC-3 Patriot missile deal

Key facts

• The U.S. Army awarded Lockheed Martin a contract modification for PAC-3 Patriot missile interceptors.
• The contract modification for Lockheed Martin is worth up to $58.62 billion.
• This is one of the largest munitions contracts in recent years.
• This is the largest contract in Lockheed Martin Missiles and Fire Control history.
• SpaceX received a $1.6 billion order from the U.S. Space Force.
• SpaceX will conduct 18 Falcon 9 launches.
• These SpaceX launches are scheduled through 2027.
• The launches will deploy Pentagon satellites.
• The satellites are designed for detecting and targeting airborne objects.

The U.S. Army has awarded Lockheed Martin a substantial contract modification valued at up to $58.62 billion for PAC-3 Missile Segment Enhancement interceptors. This award is recognized as one of the largest munitions contracts in recent years and represents a historical high for Lockheed Martin Missiles and Fire Control.

In parallel, SpaceX has secured a $1.6 billion order from the U.S. Space Force. This agreement mandates SpaceX to conduct 18 Falcon 9 launches, with all missions scheduled to be completed by 2027. The primary objective of these launches is to deploy Pentagon satellites specifically designed for the detection and targeting of airborne objects.

These significant defense procurements highlight ongoing investments in critical military capabilities. The Army's acquisition of advanced Patriot missile interceptors aims to bolster air and missile defense systems, while the Space Force's order for SpaceX launches supports the deployment of advanced satellite technology for enhanced threat detection and response.