Lockheed Gets Record $58.6B Patriot Contract as Stockpiles Run Low

US Patriot systems seen at a test range in Sochaczew, Poland, on Saturday, March 21, 2015.

The US Army awarded Lockheed Martin a $58.62 billion contract for Patriot interceptor production, the largest in the program’s history, as conflicts in Iran and Ukraine deplete American stockpiles.The deal converts a previous $4.7 billion one-year award into a seven-year multiyear procurement plan spanning fiscal 2026 through 2032.MilitaryUS Spent 1,500 Patriot Missiles, 200 THAAD Interceptors During Conflict With Iran — Report03:17 GMT

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