DODOtherDefense & SecurityApril 30, 2020

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

  1. 01Funds production of PAC-3 missile defense interceptors
  2. 02Awarded to Lockheed Martin Corporation in Texas
  3. 03Covers U.S. requirements and Foreign Military Sales
  4. 04PAC-3 uses hit-to-kill technology for missile defense
  5. 05Contract runs from 2020 through 2033

Award Details

Start Date

Apr 30, 2020

End Date

Sep 30, 2033

Category

Defense & Security

State

TX

Award Type

Other

Quick Summary

Amount
$10.5B
Agency
Department of Defense
Recipient
LOCKHEED MARTIN CORPORATION
Type
Other

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