BETHESDA, Md. (AP) — Lockheed Martin Corp. said on Monday that it received $921 million in Army contracts for equipment and services to upgrade Patriot missiles.
The Patriot is a ground-to-air missile used by the U.S. and allies to shoot down ballistic missiles.
Lockheed's upgrade includes the missile itself, canisters that hold it, the computer that fires it, and other gear.
Lockheed said the contract includes production of missile and command launch systems for the Army, and an additional sale to Taiwan. The equipment will be made in Dallas and Lufkin, Texas; Chelmsford, Mass.; and Ocala, Fla., as well as at a missile facility in Camden, Ark. Deliveries will begin in the first half of next year.
Lockheed shares fell 3 cents to $81.99 in afternoon trading.