The Army has awarded Lockheed Martin a seven-year contract worth up to $58.6 billion to churn out Patriot interceptor missiles in an effort to replenish quickly diminishing U.S. munitions stockpiles. The deal, announced Wednesday, converts a previous one-year contract worth $4.7 billion awarded to Lockheed in April. The alteration means the U.S. military can receive…
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Lockheed Martin wins $58.6B contract to produce Patriot interceptors
The Hill
July 30, 2026 at 8:24 PM
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The Army has awarded Lockheed Martin a seven-year contract worth up to $58.6 billion to churn out Patriot interceptor missiles in an effort to replenish quickly diminishing U.S. munitions stockpiles. The deal, announced Wednesday, converts a previous one-year contract worth $4.7 billion awarded to Lockheed in April. The alteration means the U.S. military can receive…