WASHINGTON — The Defense Department and Lockheed Martin have cemented a deal to more than triple PAC-3 Missile Segment Enhancement production over seven years, with the company now due to increase production capacity to 2,000 a year.
Although a framework agreement has been reached in principle, the contract award is still forthcoming, with Lockheed projecting an initial award as part of fiscal 2026 defense appropriations.
The deal comes as the Defense Department seeks to overhaul its acquisition apparatus to prioritize speed and as top officials have promised industry steady demand signals — and bigger awards — if companies make deeper investments into developing new products and expanding infrastructure.
“We will give longer, larger, more predictable…
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Source breakingdefense.com
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