Framework agreements worth billions aim to triple Patriot and quadruple THAAD output, sending a massive demand signal to defense supply chainsThe US Department of War signed framework agreements with Lockheed Martin and Northrop Grumman to dramatically scale up missile interceptor production. The deals aim to triple annual output of PAC-3 Patriot interceptors and quadruple production of THAAD missile defense components. For traditional equity investors, Lockheed Martin and Northrop Grumman stand as the most obvious beneficiaries. The second-source designation for Northrop Grumman on PAC-3 components is particularly notable. Historically, Lockheed Martin has dominated Patriot production.