Pentagon, Boeing Agree to Triple PAC-3 Seeker Production

Pentagon commits to tripling Patriot missile production at $4 million per

(The Center Square) – Boeing is partnering with the Department of War to triple its production of seekers for Patriot missiles, according to a joint announcement Wednesday.

Boeing Gains 5%, Lockheed Martin Up 2%: Defense Stocks Are Having a Moment as Pentagon Spending Accelerates

Boeing (NYSE:BA | BA Price Prediction) shares rose 5% in Wednesday’s midday session, climbing from $199.03 to $209. Meanwhile, Lockheed Martin (NYSE:LMT) stock added 2%, rising from $604.39 to $617. Both moves trace directly to a major Pentagon contract announced this morning. The catalyst arrived before noon EST: the Pentagon disclosed a seven-year framework deal ... Boeing Gains 5%, Lockheed Martin Up 2%: Defense Stocks Are Having a Moment as …

Pentagon, Boeing agree to triple PAC-3 seeker production

The contract framework, which will be spread across seven years, will match Lockheed Martin’s push to surge production on the PAC-3 MSE all-up round.

Pentagon forges agreement to triple PAC-3 seeker production

7-year deal with Boeing, Lockheed Martin focuses on increasing output for Patriot Advanced Capability-3 Missile Segment Enhancement seekers - Anadolu Ajansı

Pentagon, Boeing announce plan to triple Patriot PAC-3 seeker production

The deal follows a similar seven-year framework agreement with PAC-3 prime Lockheed Martin, announced in January, to expand interceptor production.