WASHINGTON Jan 3 Lockheed Martin Corp
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
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.