The United States and allied military forces will upgrade their missile defense capabilities under a $1.8 billion contract for production and delivery of Lockheed Martin (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors.
The contract includes deliveries for the U.S. Army and Foreign Military Sales of PAC-3 and PAC-3 MSE interceptors, launcher modification kits and associated equipment.
"PAC-3 and PAC-3 MSE give our customers unmatched, combat-proven hit-to-kill technology to address growing and evolving threats," said Jay Pitman, vice president of PAC-3 programs at Lockheed Martin Missiles and Fire Control. "PAC-3 and PAC-3 MSE are proven, trusted and reliable interceptors that employ hit-to-kill accuracy, lethality and enhanced safety to address dangers around the world."
The family of PAC-3 missiles are high-velocity interceptors that defend against incoming threats, including tactical ballistic missiles, cruise missiles and aircraft. Thirteen nations - the U.S., Germany, Kuwait, Japan, Qatar, the Republic of Korea, Kingdom of Saudi Arabia, Taiwan, the Netherlands, United Arab Emirates, Romania, Poland and Sweden have chosen PAC-3 and PAC-3 MSE to provide missile defense capabilities.
Building on the combat-proven PAC-3, the PAC-3 MSE uses a two-pulse solid rocket motor that increases altitude and range to defend against evolving threats.