THE CONTRACT AWARD IS FOR THE FY21/FY22/FY23 BASE AND OPTION PRICING FOR PHASE ARRAY TRACKING RADAR TO INTERCEPT ON T...
$10,475,203,568
AI Summary
This $10.5 billion contract with Lockheed Martin funds the production of Patriot Advanced Capability-3 (PAC-3) missile defense interceptors for both U.S. forces and foreign military sales. The PAC-3 is a hit-to-kill missile that destroys incoming threats by direct impact rather than proximity detonation.
Key Points
- 01Funds production of PAC-3 missile defense interceptors
- 02Awarded to Lockheed Martin Corporation in Texas
- 03Covers U.S. requirements and Foreign Military Sales
- 04PAC-3 uses hit-to-kill technology for missile defense
- 05Contract runs from 2020 through 2033
Award Details
Official Source
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Quick Summary
- Amount
- $10.5B
- Agency
- Department of Defense
- Recipient
- LOCKHEED MARTIN CORPORATION
- Type
- Other
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