Pentagon accelerates Patriot and THAAD interceptor production amid stockpile strain
The United States Department of Defense has announced new agreements with Lockheed Martin and Northrop Grumman to expand production of missile defence interceptors used in the Patriot PAC-3 and THAAD systems. The move is aimed at increasing output as the Pentagon seeks to rebuild stockpiles under pressure from ongoing military commitments. The announcement was made on Monday and was followed by a separate Army contract for Patriot interceptors later in the week.The U.S. Army awarded Lockheed Martin a contract worth more than $58bn to produce Patriot interceptor missiles, converting a previous one-year agreement worth $4.7bn into a seven-year deal. Northrop... [Continue Reading]
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