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US signs $3 bn deal to boost Patriot & THAAD missile parts production
short by Mini Tiwari / on Monday, 3 August, 2026
US has signed a $3 billion deal with Lockheed Martin and Northrop Grumman to boost production of Patriot and THAAD air defence system missile parts, the Pentagon said. This comes after a $58.6 billion Lockheed Martin deal last week to produce Patriot interceptor missiles. The deal will triple PAC-3 missiles for Patriot and quadruple those for THAAD systems, it added.
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