The Government of Qatar has selected Lockheed Martin’s [NYSE: LMT] PAC-3 Missile, becoming the newest international customer for the program. The initial contract is for missile and command launch system production.
“The PAC-3 Missile will provide the Qatar Air Force with proven, reliable performance with unmatched hit-to-kill lethality,” said Scott Arnold, vice president of PAC-3 programs at Lockheed Martin Missiles and Fire Control. “The capability PAC-3 provides continues to draw significant interest from a number of international customers.”
Lockheed Martin is the prime contractor on the PAC-3 Missile Segment of the Patriot air defense system. Production will begin immediately at Lockheed Martin manufacturing facilities in the United States. […]