Lockheed Martin Wins $1.1 Billion Patriot Anti-Ballistic Missile Interceptor Contract

  • Our Bureau
  • 12:46 PM, December 15, 2015
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Lockheed Martin Wins $1.1 Billion Patriot Anti-Ballistic Missile Interceptor Contract
Lockheed Martin PAC-3 MSE

Lockheed Martin has won $1.1 billion contract to provide Patriot anti-ballistic missile interceptors for South Korea, Saudi Arabia and Qatar.

The contract runs through June 30, 2019, the US Department of Defense said in a statement Monday.

The contract is a follow-on of an already approved $5.4 billion contract to supply 600 Patriot missiles to Saudi Arabia in July this year. South Korea had awarded a $769 million contract to Raytheon to upgrade its Patriot air missile defense system to the latest configuration in March this year. Raytheon had won a $2.4 billion contract in December last year to supply 10 Patriot missiles.

The PAC-3 Missile is a high-velocity interceptor that defends against incoming threats including tactical ballistic missiles, cruise missiles and aircraft.

Lockheed Martin recently delivered first PAC-3 Missile Segment Enhancement (MSE) interceptors to the US Army.

The PAC-3 MSE has larger, dual-pulse solid rocket motor, larger control fins, and upgraded support systems. With the enhancements, the PAC-3 has a doubled reach and improved maneuverability against faster and more sophisticated ballistic and cruise missiles threats.

 

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