Lockheed Secures $4.76 Billion Deal to Expand Patriot Missile Production

The contract adds to a broader U.S. push to expand production of munitions used against drones and missiles.

A Japan Self Defense Forces (JSDF) soldier takes part in a drill to mobilize their Patriot Advanced Capability-3 (PAC-3) missile units in response to a previous missile launch by North Korea, at U.S. Air Force Yokota Air Base in Fussa on the outskirts of Tokyo, Japan, on Aug. 29, 2017. Issei Kato/Reuters

Lockheed Martin has secured another major Pentagon contract to ramp up production of critical munitions that have been heavily used in the war with Iran.

On April 9, the U.S. Army awarded Lockheed a $4.76 billion contract to produce PAC-3 Missile Segment Enhancement interceptors, according to a Department of War announcement. Deliveries are scheduled to run through June 2030.