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Lockheed Martin awarded $2.45B Army contract modification

Lockheed Martin was awarded a $2.45B modification to a contract for Phased Array Tracking Radar Intercept on Target, or PATRIOT, Advanced Capability-3 missile production. Work will be performed in Grand Prairie, Texas, with an estimated completion date of December 31, 2029. FY23 missile procurement, Army funds; and 2023 Foreign Military Sales funds in the amount of $2.45B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.

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