Lockheed Martin lands $6.1 billion patriot missile sale

Lockheed Martin (NYSE:LMT) will produce an unspecified number of Phased Array Tracking Radar to Intercept on Target (PATRIOT) Advanced Capability-3 missiles, in the company’s “missile segment enhancement configuration,” along with associated ground support equipment and spare parts. The Defence Department announced this contract in the Pentagon’s daily digest of contracts awarded to its defence contractors, stating the value of the contract as $6.068 billion and the U.S. Army as the service ordering the missiles.

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