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Lockheed Expands Patriot Production to Ease Missile Shortages

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Story summary
  • Lockheed Martin is expanding facilities, workforce, and joint ventures to ease Patriot missile shortages.
  • Lockheed officials say each Patriot interceptor costs $3 million to $4 million.
  • Tim Cahill projects annual production rising from 400 to 600 units, reaching 2,000 by 2030.
  • Seth Jones says the U.S. likely will not give Patriot stocks to Ukraine because it needs them for homeland defense.