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The U.S. Army plans to order $53.9 billion worth of Patriot PAC-3 MSE missiles from Lockheed Martin to replenish stocks depleted by the conflict with Iran and expand reserves.
The U.S. Army announced last month its plan to order new Patriot PAC-3 MSE (Patriot Advanced Capability-3 Missile Segment Enhancement) air defense missiles worth $53.9 billion from Lockheed Martin (NYSE: LMT). This move aims to replenish weapon stockpiles significantly depleted due to the conflict with Iran, with plans to substantially increase Patriot missile reserves over seven years, including an additional purchase of 12,000 missiles.
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