Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $53,859,843,289 firm-fixed-price modification (P00002) to con… (Lockheed Martin Corp.)
Summary
Lockheed Martin Corp. was awarded a firm-fixed-price modification to convert a one-year contract for the PATRIOT Advanced Capability-3 (PAC-3) Production program into a seven‑year multiyear procurement covering all hardware, equipment and manufacturing needed to produce PAC-3 Missile Segment Enhancement missiles. The award expands the ceiling to $58.6 billion and supports missile production across multiple U.S. sites through 2035.