Lockheed Awarded $5.3B Army PAC-3 Missile Production Contract

Lockheed Martin (NYSE: LMT) has received a potential three-year, $5.3 billion contract from the U.S. Army to produce Phased Array Tracking Radar to Intercept on Target or PATRIOT Advanced Capability-3 missiles. The Department of Defense said Friday Army Contracting Command at Redstone Arsenal in Alabama received one offer for the PAC-3 missile production firm-fixed-price contract

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