Story perspectives

Army Grants Lockheed $58.6B PAC-3 Missile Deal, Jobs Surge

7/30/2026

Summary

Story summary

The U.S. Army awarded Lockheed Martin a contract to produce PAC-3 MSE interceptor missiles, converting a $4.7 billion award into a procurement for 2026-2032.
The modification adds $53.86 billion, raising the total to $58.62 billion and targeting a threefold capacity increase by 2030.
Lockheed Martin will boost Camden, Arkansas plant jobs by 50% to 1,850 workers, invest $8-$9 billion to modernize facilities, and operate under an L3Harris framework for PAC-3 and THAAD interceptor production.

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Story summary

The U.S. Army awarded Lockheed Martin a contract to produce PAC-3 MSE interceptor missiles, converting a $4.7 billion award into a procurement for 2026-2032.
The modification adds $53.86 billion, raising the total to $58.62 billion and targeting a threefold capacity increase by 2030.
Lockheed Martin will boost Camden, Arkansas plant jobs by 50% to 1,850 workers, invest $8-$9 billion to modernize facilities, and operate under an L3Harris framework for PAC-3 and THAAD interceptor production.