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News  ›  Benzinga

Lockheed Martin Lands Pentagon Deal To Triple PAC-3 Missile Output

Benzinga Logo Benzinga By Lekha Gupta
Lockheed Martin Lands Pentagon Deal To Triple PAC-3 Missile Output

Lockheed Martin secured a seven-year framework agreement with the U.S. Department of Defense to significantly increase PAC-3 Missile Segment Enhancement (MSE) interceptor production from approximately 600 to 2,000 units annually. The deal provides long-term demand visibility, supports production capacity expansion, and creates thousands of American jobs. The stock rose 3.66% to $530.28, reaching a new 52-week high.

Insights
LMT   positive

The company secured a major seven-year Pentagon contract to triple PAC-3 missile production, providing long-term revenue visibility and demand certainty. The deal supports capacity expansion, job creation, and recent stock performance shows a 3.66% gain to a new 52-week high, reflecting strong market confidence in the contract win.