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Patriot PAC-3 SME.
Boeing on Oct. 5 announced it received a $14.7 billion award for Patriot Advanced Capability-3 Missile Segment Enhancement interceptor seekers, the latest in a series of major awards for critical munitions.
Boeing in a statement said the undefinitized contract action from Lockheed Martin, the prime for the interceptor, comes following the seven-year framework agreement with the Pentagon announced in April. It also follows Boeing spending its capital to expand its PAC-3 seeker facility in Alabama.
Production and hiring increases began earlier this year, ahead of the contract.
“Early investment and a relentless focus on quality and execution have positioned us to now deliver seekers at unprecedented levels in the near term, and we’re committed to building on that momentum,” Boeing Defense, Space and Security CEO Steve Parker said in the announcement.
The U.S. Army in July awarded Lockheed Martin a contract worth up to $58.6 billion for Patriot interceptor missiles, converting a prior one-year deal into a new seven-year agreement using multiyear procurement authority. The Patriot award is one example of a series of high-dollar awards form the Pentagon for munitions that have seen heavy use in the war against Iran, Ukraine’s war against Russia and the defense of Israel.
RTX announced Oct. 1 it received a five-year contract, with two option years and valued up to $24.4 billion, for Standard Missile-6 interceptors. Days before, the company announced another deal worth up to $20.7 billion for AIM-120 missiles.
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