Boeing nabs $14.7B PAC-3 MSE component contract from Lockheed Martin

Lockheed Martin's first F-16 Block 72 for Morocco completed its maiden flight. Morocco ordered 25 new F-16s and is upgrading 23 existing ones. Six countries have ordered 149 new F-16s, with deliveries expected to begin in 2027. Lockheed Martin has delivered 37 and has 111 in backlog.

Boeing received a $14.7B contract from Lockheed Martin to triple production of PAC-3 MSE seekers, a key component of the Patriot missile defense system. The deal aligns with U.S. defense expansion efforts. Boeing has already invested in factory upgrades and supplier network strengthening.

Boeing secured a $14.7 billion contract from Lockheed Martin to triple production of seekers for PAC-3 MSE missiles, a critical component in short supply. The seven-year deal supports a $58.6 billion Pentagon contract for increased PAC-3 MSE production, aiming to address a bottleneck in Patriot interceptor manufacturing. Production will expand through 2035, with gradual output increases each year.

Lockheed Martin received a $209 million contract modification for electronic warfare systems, potentially increasing the total value to over $1.7 billion. The project, for the U.S. Navy, involves producing AN/SLQ-32(V)6 systems and is expected to be completed by September 2029. Work will be performed in New York and Pennsylvania, with immediate funding of $1 million.

Lockheed Martin received a $245M contract modification from the U.S. Navy for additional IRST21 Block II systems, including infrared receivers, processors, and test equipment for the U.S. and Australia. This follows a prior full-rate production order.

Boeing received a $14.7B contract from Lockheed Martin to triple production of Patriot missile seekers over seven years. The deal supports increased output of PAC-3 MSE interceptors, with Boeing supplying the targeting equipment. The contract follows a 2026 framework agreement with the Pentagon, with Boeing investing over $200M since 2024 to expand production in Alabama.