Lockheed Awarded Record $53.9 Billion Army Deal for PAC-3 Missiles
War Contracts

Lockheed Awarded Record $53.9 Billion Army Deal for PAC-3 Missiles

The seven-year multiyear procurement lifts the PAC-3 production contract's cumulative value to $58.62 billion and runs work through March 31, 2035, the Army said.

Richard Miniter
By
First Published: July 30, 2026, 1:23 PM ET

GRAND PRAIRIE, TEXAS — Lockheed Martin Corp., the largest U.S. defense contractor by sales, received a $53.9 billion Army modification to expand production of its PAC-3 interceptor missiles, the deepest single deal in the company’s history, as announced on war.gov.