Army adds $54B to Lockheed PAC-3 agreement, totaling $59B
The contract is undefinitized, meaning dollar values and quantities could change as negotiations continue.
The contract is undefinitized, meaning dollar values and quantities could change as negotiations continue.
“We're evaluating a set of [courses of action] right now, which include a mix of domestic and international sourcing for end units, where they're going to be located, how we're going to build it, [and] which variant,” Michael Cadenazzi, the assistant secretary of defense for industrial policy, told Breaking Defense.
Leaders discuss progress toward Target Level on Aug. 26 at 2pm ET. CPE credit eligible.
The award is the "largest contract in Lockheed Martin Missiles and Fire Control history," according to a company executive.
“Countries now supplying weapons systems to Ukraine will be able to replace them faster,” according to the Swiss announcement.
The Army's Unfunded Priorities List features, for instance, an additional $581 million for small drones and counter-unmanned aerial systems, as both are “changing faster than our budget can react," according to Army Chief of Staff Gen. Randy George.
“There's plenty of work to go around, around the globe, so we're looking for those strategic partnerships to help us complete our mission,” said Lockheed executive Jason Reynolds.
“We structured both the GMLRS contract, and the PAC-3 contract to be able to convert them from one-year contracts [into] multi years. We didn't want to delay awarding the PAC-3, for example,” said Doug Bush.
In 2019 the US State Department approved the sale of 60 PAC-3 MSE and 36 Patriot MIM-104E Guidance Enhanced Missiles (GEM-T) missiles with canisters to Bahrain in a deal worth an estimated $2.5 billion.
The Office of Management and Budget has notified Congress this week with its FY24 budget request amendments.
With the war in Ukraine raging, missile and other munition production seems like a sure bet. But the Pentagon knows industry is wary of getting burned should attitudes change and is trying to offer novel reassurances.
Tight budgets have a way of encouraging critical thinking and forcing a willingness to make painful but well-grounded tradeoffs. The Chief of Naval Operations, Adm. Jonathan Greenert, and the Army Chief of Staff, General Raymond Odierno, wrote a November letter about the weaknesses of our current missile defense approach to then-Defense Secretary Chuck Hagel. This letter, recently leaked […]
Phil Coyle knows missile defense. He was director of Operational Test and Evaluation from 1994 through January 2001, during the darkest days of THAAD and when missile defense was a religious issue for both Republicans and Democrats. Thank goodness we had Coyle around to actually bring facts to the roiling debate then. Does Coyle think […]