DOW Signs $3B in PAC-3, THAAD Production Deals With Northrop

The U.S. Department of Defense, according to The Washington Post, asked defense contractors to submit within 21 days production and delivery schedules for critical systems, citing depleted stockpiles. CSIS estimates cite heavy early use of missiles and falling Patriot and THAAD inventories. The Pentagon is working with Northrop Grumman and Lockheed Martin, including a $58.6B deal to triple PAC-3 output by 2030, pending a stalled $1.15T defense budget.

The Pentagon ordered US defense contractors to submit within 21 days plans to accelerate production of missiles and interceptors amid shortages after the first month of strikes against Iran. It cited depleted Patriot and THAAD inventories and said framework agreements with Lockheed Martin and Northrop Grumman target PAC-3 and THAAD output. Lockheed Martin received a contract up to $58.6B to triple PAC-3 production by 2030.

The Pentagon, via Deputy Secretary Steve Feinberg, urged U.S. defense firms to accelerate weapons output, especially ammunition, and asked executives to submit production and delivery plans within 21 days, according to The Washington Post. CSIS data cited Patriot and THAAD stockpiles falling sharply. The article notes talks with Northrop Grumman and Lockheed Martin and a Lockheed contract up to $58.6B to triple PAC-3 output by 2030.

The Pentagon, according to a memo reported by The Washington Post and confirmed by spokesman Sean Parnell, is urging defense contractors to accelerate production of critical munitions within 21 days, citing rapid U.S. missile and interceptor usage in the Iran war. CSIS estimates Patriot and THAAD stocks fell sharply. The memo also ties plans to shaping the fiscal 2028 defense budget.

The U.S. Space Force awarded $615 million across three contracts to develop space-based airborne moving target indicator (AMTI) capabilities, citing supplier diversification and different sensing technologies. Rocket Lab and STR were named, and a third contractor was undisclosed for operational security. The awards follow a May $4.16 billion SpaceX contract for an initial AMTI constellation by 2028.

Northrop Grumman and Lockheed Martin said they are partnering with the U.S. Defense Department on two multi-year missile defense production frameworks totaling over $3 billion. Northrop Grumman will increase PAC-3 MSE component output and triple solid rocket motor capacity by 2027, and quadruple THAAD component production. The $2 billion covers essential components and $1 billion covers increased THAAD monthly deliveries over seven years.