US signs deal to boost output of parts for Patriot, THAAD interceptor systems
The US Defense Department signed a deal with Lockheed Martin and Northrop Grumman to boost production of missile-interceptor components.
The United States Department of Defense has signed a framework agreement with Lockheed Martin and Northrop Grumman, according to a report on Monday. The negotiations between Pentagon officials and the contractors have been accelerated, following the recognition that conflicts in the Middle East and Ukraine are draining the nation's arsenal of Patriots and THAAD missile interceptor systems.
The agreement, as stated by the department, will facilitate a tripling of Patriot production and a quadrupling of THAAD systems. The deal does not include a monetary value, but it does guarantee a secondary supplier for PAC-3 solid rocket motors and boost the creation of ignition safety devices. This development comes after the US Army awarded Lockheed Martin a contract potentially worth $58.6 billion to manufacture Patriot interceptors.
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