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The U.S. Department of Defense (Pentagon) has announced a record contract worth $58.62 billion with Lockheed Martin to produce and expand the stockpile of Patriot interceptor missiles, as part of a plan extending from 2026 to 2032. This comes after reductions in U.S. weapons stockpiles due to intensive use in military operations, especially in the Middle East, which has put pressure on contractors to increase production despite the need for Congressional funding. The plans also include increasing the production of PAC-3 MSE missiles to 2,000 units annually by 2030, with the company investing between $8 and $9 billion to modernize U.S. facilities and create jobs. The missile is used to counter ballistic missiles, cruise missiles, and aircraft. The agreement is expected to significantly enhance U.S. air defense capabilities, especially given the current stockpile, which has fallen below 1,000 Patriot missiles, according to the Center for Strategic and International Studies.
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