US strikes $58.6B deal for Patriot missiles

Inside the Army - August 3, 2026

'Pressure test': Largest Project Convergence yet puts strain on 4th Infantry DivisionArmy seeks to shift $10.4M from aerostats months after last year's $4.2B dealLockheed Martin, Pentagon finalize $53.9B PAC-3 contract mod, pushing deal to $58.6BTextron investing internally on MV-75 as Army awaits $350 million reprogramming requestArmy hands out three contracts for ISV-Heavy competitionPentagon reprogramming $158M for JIATF 401 homeland defense …

Iran Tensions Drive Pentagon To Sign Missile Defense Deals Benefiting L3Harris (NYSE: LHX), Lockheed Martin (NYSE: LMT) And RTX (NYSE: RTX)

The U.S. Defense Department announced on July 27 two seven-year agreements aimed at addressing a critical and ongoing shortage of missile defense interceptors across American military stockpiles, iBusiness.News reported. The contracts were awarded to L3Harris Technologies (NYSE: LHX) and Lockheed Martin (NYSE: LMT), with the goal of expanding propulsion capacity for Patriot and Terminal High Altitude Area Defense, known as THAAD, interceptor sys…

From 600 to 2,000 per year: US strikes $58.8 billion deal with Lockheed to triple Patriot missile production

The fresh seven-year deal plans to triple the production of Patriot missiles by 2030 in light of depleting air defence stockpiles.

US strikes $58.6B deal for Patriot missiles

WASHINGTON — The U.S. Army awarded Lockheed Martin a contract worth up to $58.6 billion to produce Patriot interceptor missiles, the Pentagon said, as conflicts in Iran and Ukraine strain U.S. weapons stockpiles.