The U.S. government awarded Lockheed Martin a seven-year "undefinitized" contract action (UCA) modification for up to $53.86 billion for PAC-3 Missile Segment Enhancement (MSE) interceptors, supporting the Pentagon's Acquisition Transformation Strategy. The award brings the total multiyear contract value to $58.62 billion, following the $4.7 billion UCA awarded in April for year one.
The new funding further enables Lockheed Martin to accelerate PAC-3 MSE production and triple capacity by the end of 2030. It also supports a 50% increase in jobs, from 1,200 to approximately 1,850, just in Camden, Arkansas, home to Lockheed Martin's final all-up round production of PAC-3 MSE interceptors.
Lockheed Martin said it is investing $8 to $9 billion through 2030 to modernize more than 20 U.S. facilities and scale munitions output. The company has already celebrated two munitions facility groundbreakings this year, including the Munitions Production Center Building 47 in Troy, Alabama, supporting THAAD and future work with Next-Generation Interceptor, and the Munitions Acceleration Center in Camden, Arkansas, supporting PAC-3.
