Modern air defense has become an asymmetric financial drain, with militaries frequently launching expensive interceptors to destroy cheap, mass-produced drones. To fix this losing equation, Lockheed Martin unveiled the PAC-3 Adapted Capability Effector (PAC-3 ACE™) at the Farnborough Airshow in the United Kingdom. PAC-3 ACE is a new, low-cost air defense interceptor to defeat a wide range of air and missile threats. It costs less than half the per-unit price of a PAC-3 MSE, lowering the cost-per-kill and increasing global magazine depth. It is being developed to intercept a broad spectrum of targets, including air-breathing threats, cruise missiles, and short-range ballistic missiles.