NYSE:LMTAerospace & Defense
Lockheed Martin Framework Expands PAC 3 Missile Seeker Production Story
Lockheed Martin and Boeing have signed a new seven year framework agreement with the Pentagon to triple production capacity for PAC 3 MSE missile seekers.
The deal supports the Pentagon's Arsenal of Freedom initiative and targets long term expansion of advanced missile defense manufacturing.
The agreement extends beyond prior facility upgrades and program specific updates, focusing on demand for networked missile defense.
For investors watching NYSE:LMT, this framework comes on top of a...