Pentagon signs 7-year deals to increase missile production
Reuters2026/08/31 12:04WASHINGTON, Aug 31 (Reuters) - The Pentagon said on Monday it secured seven-year agreements with General Dynamics Ordnance and Tactical Systems (GD-OTS) and Lockheed Martin LMT.N to increase missile production.
The agreements are designed to "increase production quantities and accelerate delivery schedules for critical missile subcomponents supporting the Terminal High Altitude Area Defense (THAAD) and Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptor programs," the Pentagon said.
(Reporting by Katharine Jackson and Bhargav Acharya; editing by Michelle Nichols )
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple's First Foldable iPhone Headlines John Ternus's September 9 Keynote
S-Oil Target Price Raised to KRW210,000 From KRW165,000 by NH Investment & Securities >010950.SE
Regis Resources Price Target Raised 11% to A$8.90/Share by UBS
Northern Star Resources Price Target Raised 21% to A$29.40/Share by UBS
Crypto prices
More
