Lockheed Martin Wins $507 Million Patriot Advanced Capability-3 Contract ModificationMarch 15, 2019
Lockheed Martin has won $507 million modification contract for incidental services, hardware, facilities, equipment, and all technical, planning, management, manufacturing, and testing efforts to produce Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles.
Work is expected to be completed by Dec. 31, 2024, the United States department of defense said in a statement Thursday.
The ‘Hit-To-Kill’ PAC-3 Missile is a terminal air defense missile. It defeats the entire threat: tactical ballistic missiles (TBMs), cruise missiles and aircraft.
The PAC-3 Missile is a high velocity interceptor that defeats incoming targets by direct, body-to-body impact. PAC-3 Missiles, when deployed in a Patriot battery, significantly increase the Patriot system’s firepower, since 16 PAC-3s load-out on a Patriot launcher, compared with four Patriot PAC-2 missiles.