Lockheed wins $755 million contract for PAC-3 missiles: Pentagon
WASHINGTON (Reuters) - Lockheed Martin Corp (LMT.N) has won a contract valued at $755 million for procurement of Patriot Advanced Capability-3 (PAC-3) missiles, including support for foreign military sales, the Pentagon announced on Thursday.
The contract runs through July 31, 2015, the Defense Department said in its daily digest of major arms contracts.
Lockheed describes the PAC-3 missile as the world's most advanced and powerful terminal air defense missile, which can be used against tactical ballistic missiles, cruise missile and aircraft. The missile defeats targets through a direct hit.
(Reporting by Andrea Shalal-Esa; Editing by Leslie Gevirtz)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Doctor with Ebola in New York stable; nurse is virus-free
- New York police officer critically wounded in hatchet attack |
- Putin accuses United States of damaging world order
- Exclusive: Charred tanks in Ukraine point to Russian involvement