Lockheed Martin Receives $68.9M Contract For PAC-3 MSE Production
Lockheed Martin (NYSE: LMT) received a $68.9 million contract to prepare the Patriot Advanced Capability-3 (PAC-3) Missile production line for the introduction of the Missile Segment Enhancement (MSE) version of the combat-proven PAC-3 Missile.
The facilitization contract provides funding for PAC-3 MSE-specific tooling and test equipment at the company's Camden, Ark., facility, as well as other sites and subcontractors in anticipation of a production decision by the U.S. Army in 2013. The U.S. Army Aviation & Missile Command, Huntsville, Ala., is the contracting agency.
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