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Army awards Lockheed nearly $10 billion Patriot missile contract
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3 months ago
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00:00
The U.S. Army is making its biggest buy yet on missile defense, awarding Lockheed Martin a $9.8
00:06
billion contract for nearly 2,000 Patriot Pac-3 interceptors, along with launchers and support
00:14
gear. The deal is the largest ever for Lockheed Martin's missiles and fire control division.
00:20
Patriot missile interceptors are designed to take out some of the most advanced threats on the
00:31
battlefield. Ballistic missiles, cruise missiles, hypersonics, even aircraft. They use what's called
00:37
hit-to-kill technology, destroying targets by striking them head-on at speeds topping Mach 4,
00:43
that's four times the speed of sound. Each interceptor can reach altitudes of more than
00:49
100,000 feet and strike as far as 75 miles away from the launcher. Lockheed says demand surged
00:57
after recent combat performance in Ukraine and the Middle East. 17 U.S. allies already used the
01:03
Pac-3 system. To keep up with all of that demand, Lockheed Martin had to expand production. A new
01:10
facility in Arkansas will help the company deliver more than 600 interceptors next year. That will be
01:17
another record. This deal follows Army contracts of $5.2 billion in 2024 and $2.4 billion in 2023,
01:27
showing just how central the Pac-3 is to America's missile defense strategy. For the Army and its
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allies, the $9.8 billion award is about staying ahead in a world where missile threats are moving
01:42
faster and flying farther. For more of our unbiased, straight-fact reporting like this,
01:47
download the Straight Arrow News app today.
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