Lockheed Martin Wins $530 Million PAC-3 Missile Modification Contracts
07:54 AM, April 2, 2018
PAC-3 MSE (Image: Lockheed Martin)
Lockheed Martin has won $530 million in two separate contracts for PATRIOT Advanced Capability-3 cost reduction initiative and other enhancements to Saudi Arabia and Romania.
Lockheed Martin is awarded $279 million modification contract to increase fiscal 2018 PATRIOT Advanced Capability-3 production contract to include Cost-Reduction Initiative missiles and associated ground support equipment to Saudi Arabia, the US department of defense said in a statement Friday.
In another modification contract, Lockheed Martin has won $251 million for production near-term obsolescence requirements, missile segment enhancements, command launch station, initial spares and unique costs for Saudi Arabia and Romania.
Both the works are expected to be completed by Feb. 28, 2023.
The US State Department had approved sale of 202 PAC-3 missiles for an estimated $1.750 billion to Saudi Arabia in 2014.
The notification had stated that the proposed sale would help replenish Saudis current Patriot missiles which are becoming obsolete and difficult to sustain due to age and the limited availability of repair parts. Saudi Arabia already has Patriot missiles in its inventory.
Poland today formalized an agreement to purchase Lockheed Martin's Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support equipment.
"We're honored to partner with Poland in support of the WISŁA Air and Missile...
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Poland, Germany and Sweden have shown interest in Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles, Lockheed Martin has said.
The PAC-3 MSE missile continues to receive strong interest from Poland, Germany and Sweden
Four Lockheed Martin PAC-3 Cost Reduction Initiative (CRI) and one PAC-3 Missile Segment Enhancement (MSE) interceptors successfully neutralized four tactical ballistic missile targets recently in a complex test at White Sands Missile Range, New Mexico.
A Lockheed Martin PAC-3 Missile Segment Enhancement (MSE) interceptor successfully intercepted an Air-Breathing Threat (ABT) in a test at White Sands Missile Range, New Mexico, on Thursday.
The test marked the furthest distance a PAC-3 MSE...
Lockheed Martin has won $200 million modification contract for Terminal High Altitude Area Defense (THAAD), Phased Array Tracking to Intercept of Target (PATRIOT), Advanced Capability (PAC-3) missile segment enhancement integration and PATRIOT launch on remote...