Lockheed Martin to produce PAC-3 Missiles for U.S. Army and Taiwan

DALLAS, Texas, Feb. 1, 2012. Lockheed Martin [NYSE: LMT] received contracts totaling $921 million from the U.S. Army Aviation and Missile Command for hardware and services associated with the Patriot Advanced Capability-3 (PAC-3) Missile Segment program.

The contract includes Fiscal Year 2012 (FY12) missile and command launch system production for the U.S. Army and a follow-on sale of the PAC-3 Missile Segment to Taiwan. In 2009, Taiwan became the fifth international customer for the PAC-3 Missile Segment.

The contract includes production of hit-to-kill PAC-3 Missiles, launcher modification kits, spares and other equipment, as well as program management and services. Production of all equipment will take place at Lockheed Martin manufacturing facilities in Dallas and Lufkin, Texas; Chelmsford, Mass.; and Ocala, Fla., as well as the PAC-3 All-Up Round facility in Camden, Ark. Deliveries will begin in the first half of 2013.

Lockheed Martin is the prime contractor on the PAC-3 Missile Segment upgrade to the Patriot air defense system. The PAC-3 Missile Segment upgrade consists of the PAC-3 Missile, a hit-to-kill interceptor, the PAC-3 Missile canisters (each of which hold four PAC-3 Missiles, with four canisters per launcher), a fire solution computer and a launcher electronics system and launcher support hardware.