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Army Gives Lockheed $58.6B Patriot Contract, Debuts Low-Cost Interceptor

8/10/2026

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Summary

Story summary

The U.S. Army awarded Lockheed Martin a contract up to $58.6 billion for Patriot production.
Lockheed unveiled the PAC-3 Adapted Capability Effector (ACE) interceptor in July at about half the cost of earlier models.
Ukraine said it destroyed 250 targets, including 140 ballistic missiles, with Patriot batteries in January.
CSIS reports 65% of Patriot interceptors were used Feb-Jul, leaving under 850 missiles from an original 2,330.

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Story summary

The U.S. Army awarded Lockheed Martin a contract up to $58.6 billion for Patriot production.
Lockheed unveiled the PAC-3 Adapted Capability Effector (ACE) interceptor in July at about half the cost of earlier models.
Ukraine said it destroyed 250 targets, including 140 ballistic missiles, with Patriot batteries in January.
CSIS reports 65% of Patriot interceptors were used Feb-Jul, leaving under 850 missiles from an original 2,330.