Pentagon Signs New Deals to Boost Wartime Missile Production

Lockheed Martin, BAE Systems, and Honeywell will expand output of missiles and key defense components under new, long-term agreements.

A Terminal High Altitude Area Defense (THAAD) interceptor, in this file photo. Missile Defense Agency/Reuters

The Pentagon has signed a series of agreements with major defense contractors aimed at speeding production of key weapon systems that have seen heavy use in the opening stages of the United States’ and Israel’s war with Iran.

Lockheed Martin said on March 25 it had signed a new seven-year agreement with the U.S. Department of War to quadruple production capacity for the Precision Strike Missile, or PrSM. The missile uses GPS navigation and can strike targets at ranges of about 250 miles.