Lockheed Martin Secures First Contract for PAC-3® MSE Accelerated Production, Strengthening the Arsenal of Freedom

"We are answering the nation's call with urgency and partnering with the DoW to accelerate PAC-3 MSE production faster than ever before," said Tim Cahill, president, Lockheed Martin Missiles and Fire Control. "Our investments in our facilities, workforce and supply chain ensure we can deliver at scale and with speed. With the right tools, proven processes and skilled employees in place, we are positioned to deliver a record number of munitions in support of the warfighter and our allies."

ADDITIONAL CONTEXT

• Multibillion-Dollar Investment: Lockheed Martin has invested more than $7 billion since President Donald Trump's first term to expand capacity for priority systems, including approximately $2 billion dedicated to accelerating munitions production. The company recently broke ground on the Munitions Acceleration Center, a world-class facility that will prepare the workforce of the future, and announced the opening of the Rapid Fielding Center to streamline the end-to-end development, testing and prototype production of next-generation systems and solutions for U.S. government customers.

• Acquisition Transformation Strategy: Lockheed Martin was the first in the industry to announce a framework agreement for munitions acceleration under the DoW's Acquisition Transformation Strategy, tripling production of the combat-proven PAC-3 MSE interceptor. That was followed by additional agreements to quadruple the production capacity of Terminal High Altitude Area Defense (THAAD) interceptors as well as Precision Strike Missiles (PrSM).

• American Job Growth: Lockheed Martin continues to expand its workforce, creating tens of thousands of high-quality American jobs across manufacturing, engineering and skilled trades. These investments ensure America and its allies have the proven capabilities needed to protect people, infrastructure and freedom around the globe.

About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.   

View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-secures-first-contract-for-pac-3-mse-accelerated-production-strengthening-the-arsenal-of-freedom-302739266.html

SOURCE Lockheed Martin