PAC-3 missile production @Lockheed MartinThe U.S. government awarded Lockheed Martin a seven-year contract modification for up to $53.86 billion for PAC-3 Missile Segment Enhancement (MSE) interceptors. The award brings the total multi-year contract value to $58.62 billion, following the $4.7 billion contract awarded in April for year one. The new funding further enables Lockheed Martin to supercharge PAC-3 MSE production and triple capacity by the end of 2030. In recent years, Lockheed Martin proactively increased production of PAC-3 MSE to address the soaring demand from U.S. and partner nations. In operational environments during Operation Epic Fury (Iran war), Ukraine and missions around the world, PAC-3 MSE performed beyond specifications to protect critical assets.